Saskatoon Real Estate News November 5, 2012

Saskatoon Real Estate Market Update-October

The real estate market in Saskatoon for October continued to show strength with continued growth in sales.

There have been a total of 16 homes for sale in Saskatoon that have sold for over a million dollars this year, double from 2011. Three of those homes for sale in Saskatoon over a million dollars sold in October which also influences the average house price. The average house price in Saskatoon is up 6% from 2011 to $330,496 compared to $309,249 in 2011. The other factor that kept the average house price in Saskatoon up was that out of the 444 houses in Saskatoon that sold, 250 of them were over $300,000 compared to 205 the year before.

There are currently 1146 properties for sale in Saskatoon (condos and single family homes) which is down only 2% from 2011 and new listings in areas around Saskatoon were down 5% year to date and sales are up 5% from the same time last year. The average sale price for houses outside of Saskatoon is $285,001. If you are a first time buyer in Saskatoon or thinking of buying a home in Saskatoon don’t let the average house price deter you as our market is in a healthy and balanced state.

From the same time last year there is an increase of 8% for the number of realtors in Saskatoon with the total number of salespeople at 541 in 2012 from 501 in 2011 and 449 in 2010. There total number of licensees is up 7% from 2011 at 601 and the number of affiliate members is up 16% to 44.

An affiliate member would include home inspectors in Saskatoon or appraisers in Saskatoon. When purchasing a home with me, your trusted Saskatoon REALTOR (r), I can recommend the professionals you need to help with your home purchase. Through my affiliation with Trusted Saskatoon I have a proven data base of professionals that will help you with most, if not all, of your needs.

I also have several mortgage brokers in Saskatoon who I deal with and who my clients are pleased with, ask me about who I recommend for your pre-approvals and your mortgage needs. When you purchase a house for sale in Saskatoon you will also want to get a home inspection done and I work with a few home inspectors in Saskatoon and also have names and numbers of contractors and handy men.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Fusion