July Saskatoon Real Estate Market Update

The July real estate market in Saskatoon saw less houses for sale in Saskatoon and area for buyers to choose from than in 2011. At the end of July 2012 there were 2729 houses for sale in Saskatoon and area vs 3085 in 2011. This does not mean the market is jumping up in price as we are still in a relatively balanced market here in Saskatoon. In the city we actually saw a 4% increase from 978 listings at this time last year to 1021 in 2012.

The most activity in July was seen in houses in the $500,000 to $750,000 range which literally doubled from July of last year when 21 homes in this range sold, this year we saw 42 higher end homes in Saskatoon sell. My listing at 618 Wilkins for $799900 even surpassed that.

This year to date we have also seen 9 houses of $1 million in Saskatoon sell vs 4 for the same time frame last year. The increase in higher end homes selling does affect the average house price so keep that in mind when you see that the average house price in Saskatoon is currently $331,517 which is up 9% from 2011 when it was $303,439.

There are now almost 600 realtors in Saskatoon which is almost 100 more than 2 years ago. These numbers fluctuate with people getting in and out of the business all the time.

If you are looking for an experienced Saskatoon real estate agent with more than 5 years of experience and 300+ homes sold in Saskatoon then don’t hesitate to contact me for your real estate needs. I am also part of Trusted Saskatoon which means I have passed their requirements to be one of 3 real estate agents in Saskatoon who are Trusted.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Fusion
kari@saskatoonrealestate.net