Saskatoon Real Estate News July 12, 2012

Saskatoon Real Estate Market Update From June

Better late than never is this post! The real estate market in Saskatoon has been busy which has put any blogging on the back burner for me. Our latest SRAR new release states that the number of properties for sale in Saskatoon is down only slightly yet the number of sales for the first six months is up 14% from the same time last year. I am working with several people on their Saskatoon houses for sale at the moment and have a few more listings coming down the pipes soon.

This upward trend can mean a slight upward pressure on price however not all price ranges or areas are equal and there tends to be demand in certain ranges and locations. As is often the case we find that houses for sale in Saskatoon’s east side to often sell the fastest and the $300,000-$350,000 range seems to be the busiest.

As of June there were 1059 houses for sale in Saskatoon and 574 sales that month.

The same trend also seems to be occurring in communities around Saskatoon. Year to date listings are down in areas surrounding Saskatoon by 5% and an increase in sales of 9% is great to see. There were 239 houses listed for sale outside of Saskatoon last month with 102 of those selling.

The real estate market in Saskatoon continues to be steady in the month of July however, compared to the Regina market, we still have a healthy number of listings so we aren’t getting as many competing offers as our neighbours to the south.

We have seen a 10% jump in the number of REALTORS in Saskatoon since June 2011 which may keep in line with the amount of new people moving to our city.

If you are looking to sell your house in Saskatoon and want to work with a professional and a trusted REALTOR in Saskatoon give me a call!

Kari Calder
Saskatoon Real Estate Agent
Century 21 Fusion