Kari's CornerSaskatoon NewsSaskatoon Real Estate News June 5, 2013

May Saskatoon Real Estate Market Update

The month of May was a bit slower in the Saskatoon real estate market for purchases but the amount of houses for sale in Saskatoon increased. We had a 5% decrease in unit sales compared to 2012 but an increase of 3% for properties listed for sale in Saskatoon. So far in 2013 we have had 5111 houses for sale that were listed on the Saskatoon MLS system.

At the end of May there were 1314 active listings in the city of Saskatoon which basically works out to only 2 properties per REALTOR ® . I am happy to say that at the end of May I had 12 houses for sale in Saskatoon and area so I am fortunate to be ahead of the average. With the increase in active houses for sale in Saskatoon this means buyers have more homes to choose from so the market continues to be very price sensitive.

There have been a lot of high end homes in Saskatoon that have sold since January with an increase of 56% for homes selling over $750,000 since January. We have seen a slight decrease in the amount sales of homes priced between $400,000 and $450,000 for the first time this year but houses above $450,000 continued to sell well.

For the public another exciting announcement will be a new REALTOR ® Showcase so I am excited to say it will be full colour and a more consumer friendly layout. I currently use the feature of advertising by area, unlike many other Saskatoon REALTORS ® who use the Showcase as personal promotion. I use it to advertise my houses for sale in Saskatoon and surrounding area. The new Showcase will be set up this way for properties but with the ability to also advertise and promote real estate agents in Saskatoon.

The number of REALTORS ® in Saskatoon continues to climb with the current number at 617 up from 593 last year. If you are looking for a TRUSTED Saskatoon REALTOR ® give me a shout. I would be happy to help you with all of your Saskatoon real estate needs.

Kari Calder
Century 21 Fusion
Saskatoon Real Estate Agent