Saskatoon NewsSaskatoon Real Estate News August 13, 2013

Saskatoon Real Estate Market Update For July

The Saskatoon real estate market was busy in July this year, busier than the past few years. Sales were up 8% from the same month last year and the number of active houses for sale in Saskatoon and surrounding area is up 12% with 3062 in total and 1338 houses for sale in Saskatoon.

The average house price in Saskatoon is up to almost $342,000 which is up 3% from July 2012 when it was $330, 832 and up even more from 2011 when the average house price in Saskatoon in July was $303,439.

There are 4 less Saskatoon real estate offices than in 2012 but the total number of licensees is up to 607. There are almost 540 real estate agents in Saskatoon.

The East side of Saskatoon is where the most activity has been taking place. Given the amount of resale properties plus new houses for sale in Saskatoon’s east side this statistic doesn’t surprise me. There are 8% more houses for sale in Saskatoon this July than in 2012. Sales were also up 8% so this shows a good balanced Saskatoon real estate market. Average days on market in Saskatoon is currently at 35 whereas last July the average days on market in Saskatoon was 63 days.

Typically we see our real estate market in Saskatoon slow down once July hits as so many residents are off to the lake and off enjoying the short summer. The busiest price range continues to be the $350,000-$400,000 mark. The other strong markets are the growing “bedroom” communities with an increase of 7% in sales activity from 2012. The average house price in communities around Saskatoon is just over $300,000 which is a 5% increase from 2012.

If you are thinking about buying a house for sale in Saskatoon or looking to list your house for sale in Saskatoon with a trusted Saskatoon REALTOR contact me.

Kari Calder
Saskatoon Real Estate
Century 21 Fusion