Saskatoon Real Estate Market – November, 2007

The month of November proves the Saskatoon real estate market is still going strong.  Saskatoon real estate agents were extremely busy this month helping in the sale of over 316 homes.  The number of homes sold in November, 2006 was 230 which is a 37% increase this year.  This brings the total number of homes sold this year to 4,236.  This number is up 29% from last year when 3,273 homes were sold.

Remember when we talk about “average” selling price, it is a calculation of the total amount of homes sold by the total dollar amount between all sales across the city of Saskatoon.  Often people interpret the average selling price as the average for all homes across the city.  Just like any city there are some neighborhoods where homes cost much more than others.  It is important to do your research on the neighborhood or area that you are looking to buy or sell in to have a more realistic idea of the dollar amount you will be looking at.  You can review more detail and information about Saskatoon Neighborhoods by visiting my website.  Another factor in the “average” selling price is what type of homes where sold.  Typically condos are less expensive than a house.  In a month where there are a higher number of condo sales you may see a lower average price.  It is always important to consult a realtor to get more realistic numbers.

To date Saskatoon Realtors® have sold 1.3 billion dollars of real estate.  This is an all time high and is up 98% from 2006 when $656,491,0000.00 of real estate was sold.  The highest numbers of homes sold are in between the $300,000 – $400,000 with homes in the $225,000 to $250,000 coming in second.

Saskatoon real estate is still very competitive compared to the rest of Canada.  Our closet out of province comparison would be Calgary where a single family home average price is around the $420,000 range.  Saskatoon is still very affordable compared to the rest of Canada even though we have seen such a big increase in real estate property.  Whether you are looking to buy, sell or invest in the Saskatoon real estate market feel free to contact me for any additional information.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.

Leave a Reply

You must be logged in to post a comment.