Saskatoon NewsSaskatoon Real Estate News January 4, 2013

Saskatoon Real Estate Update For December

The Saskatoon real estate market remained strong in December, despite our early and very cold winter. We experienced a year over year increase of 7% in the average sales price and and increase of 5% in units sold. The average home price in Saskatoon is currently just under $332,000 at the end of December while the median price was around $325,000.

In areas surrounding Saskatoon home prices didn’t change much with the average home price in communities outside of Saskatoon up only 1% for the year. Home sales in the rural market were up 5% from 2011 and the new listings in communities outside Saskatoon dropped by 4%.

At the end of December we had 1793 houses or condos for sale in Saskatoon and surrounding communities which is down 8% from the same time last year however we had 920 active listings within Saskatoon which is 100 more than last year at this time. We are still in a more or less balanced real estate market in Saskatoon as we are seeing unit sales slightly outpacing new listings which obviously means less product to choose from. Saskatoon home builders are also trying to fill this small gap with putting out more product which is welcome when working with Saskatoon home buyers.

There are currently 602 REALTORS in Saskatoon with 542 of those being residential Saskatoon REALTORS which is up 10% from the same time in 2011. I have also noticed a few real estate agents in Saskatoon getting out of the business in the past few weeks as it is not for everyone but I continue to love what I do! Century 21 Fusion in Saskatoon is, in my opion, an incredible team and an incredible brokerage to work for.

If you are considering putting your house for sale in Saskatoon please call me before you decide on a real estate agent. With 5.5 years in the businss and more than 325 successful transactions I would say my experience is above average to help you with selling your Saskatoon home. If you are thinking about buying a house for sale in Saskatoon also think of me first as I have the knowledge necessary to ensure you are taken care of.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Fusion