August was a busy month in the Saskatoon real estate community. There were 415 houses or condos in Saskatoon that sold which is up from 311 the year before. Our year to date sales in the Saskatoon real estate market is also up 12% to 2819 with the average days on market in Saskatoon being 38 days. The most active price range of houses for sale in Saskatoon continues to be the $300,000 to $350,000. If you are thinking of selling your house contact me as I would love to help you sell your house in Saskatoon or surrounding area.
Average house price in Saskatoon is also up from last year but the monthly average house price can be deceiving as we take the total number of sales divided into the total value and if there were more high end homes in that month the average house price in Saskatoon would appear to be higher than a month when more lower end homes sold.
We also listed fewer properties for sale in Saskatoon in August from the previous year with 629 new listings but overall we are up 3% from the yeaer before. There are less houses available to potential consumers than last year. I just listed a great house for sale in Hudson Bay Park and am hoping to have an offer sorted out on it shortly!
Activity is also picking up in the areas around Saskatoon such as Martensville, Warman, Osler, etc with the sales increasing 31% from last August’s number and the average days on market is 55 days for these areas.
It is forecasted that interest rates will remain unchanged for the time being which means it is a great time to buy a house for sale in Saskatoon and it is forecasted that we will have a good balanced market for the remainder of 2011 meaning prices should stay level to a slight increase depending on demand.
If you are looking to buy a house in Saskatoon and you need a good Saskatoon realtor to help you out please contact me and I would love to help you purchase a home for sale in or around Saskatoon.
Kari Calder
Century 21 Fusion
306-653-8222