Saskatoon Real Estate Market Update for May

The Saskatoon real estate market remains strong this spring. We had 1240 properties for sale in Saskatoon at the end of May which is down 11% from 2011. We had 634 sales in May which is up 16% from 2011.

The average price for a house for sale in Saskatoon is currently at $335, 178 which is up from $317,336 in 2011. Keep in mind that if high end houses for sale in Saskatoon are being sold this will bring the numbers up as it is an average of the total sales dollar volume by the number of sales. In certain price ranges we are seeing the sales outpacing the rate at which new listings are coming on the market so this means less to choose from and a tighter market in those price ranges. As a REALTOR in Saskatoon I do see that it is still price sensitive.

The busiest price range of houses for sale in Saskatoon continues to be the $300,000-$350,000 which amounts for approximately 20% of all sales in May. It is taking 27 days on average to sell a house on MLS in Saskatoon which is down from 33 in 2011.

In communities around Saskatoon there was a 34% increase in May for sales to 137 from 102 in 2011. The average sale price for houses in communities outside of Saskatoon, however, only went up 4% to $285,183. There are currently 930 properties for sale outside of Saskatoon which is down 12% from the year before.

We have also seen a huge increase in the amount of REALTORS in Saskatoon. While we still have 26 offices we have 593 REALTORS in Saskatoon which is up 9% from 2011 but up almost 100 Saskatoon real estate agents since 2010.

If you are thinking about selling your home in Saskatoon please consider me for any of your Saskatoon real estate needs. I can help you find good Saskatoon Lawyers, Saskatoon Home Inspectors, Saskatoon Mortgage Brokers, etc.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Fusion
kari@saskatoonrealestate.net