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The most sought after residential homes in Saskatoon continue to be homes on the city’s west side and older neighbourhoods largely due to the lower price tags. Homes listed in those areas are seeing the shortest times on the market, around 30 days.
Proximity to downtown is also playing a factor in recent sales. More and more people are wanting to be closer to the core of the city and closer to amenities as many of the newer areas are becoming farther and farther away as the city expands.
Saskatoon houses for sale listed in the $300,000-400,000 range are sparse and in areas such as Nutana and City Park, and it’s difficult to find a good solid home without having to compete with other buyers – even at this time of year.
2014 is expected to bring average house prices of around $356,000 and sales to hold steady from 2013 at 4,200 units. The market for condos in Saskatoon is expected to be in demand with moderate price increases on new builds and to remain steady in the resale market.
Contact me for more information on buying or selling real estate in Saskatoon and I’ll provide you market information specific to the neighbourhood you are considering.
Kari Calder
Saskatoon real estate agent
Century 21 Fusion
