Archives for May, 2007
Posted by Norm Fisher on May 27, 2007
Home buying and listing activity remained strong last week in spite of the long weekend with a total of 126 new residential listings and 104 home sales reported to the Saskatoon MLS®.
The average selling price of a Saskatoon home reached its highest point since I began tracking weekly activity at $251,164. It’s important to [...]
Posted by Norm Fisher on May 19, 2007
If Saskatoon real estate buyers were holding out any hope that this market may have been starting to show signs of balancing, this week’s numbers provide a solid slap in the face and a reality check.
While there was some good news on the listings front when total actives briefly broke the 300 mark for [...]
Posted by Norm Fisher on May 17, 2007
For the first time this year, active MLS® listings of condominiums and single-family homes within the city of Saskatoon broke the 300 mark. Since late December, we’ve been hovering between 236 and 292 active listings. At the close of business today there are 312 listings showing an active status. An “active” listing is one which [...]
Posted by Norm Fisher on May 16, 2007
This is not exactly important real estate news but I couldn’t resist writing a small snip about this story.
It seems that the popular A&E reality program, “Flip This House” has run a number of episodes which amount to nothing more than a sham. Featuring self proclaimed “real estate developer” Sam Leccima, the episodes represent [...]
Posted by Norm Fisher on May 15, 2007
Canada Mortgage and Housing Corporation (CMHC) released their “2nd Quarter Housing Market Outlook” for Saskatoon real estate today. Once again, the publication proves to be a huge waste of tax payer dollars. I hate to be so damned sharp but I’m constantly frustrated by the government agency’s failure to get it right. You’d think that they [...]
Posted by Norm Fisher on May 14, 2007
March was crazy. April was absolutely insane! I’ve never seen anything like it and neither had some of old timers in this business who have been around forever.
Buyers went after property like another house would never be built and bidding wars reached new heights. By the end of the month, about 80% of Saskatoon [...]
Posted by Norm Fisher on May 13, 2007
It was another interesting week in the Saskatoon real estate market. For the second week in a row, new listings outpaced sales and active listings reached their highest level since mid-December of last year. Today, there are 292 Saskatoon houses and condominiums with an “active” status on the Saskatoon MLS®.
The number of homes reported [...]
Posted by Norm Fisher on May 6, 2007
A total of 136 new residential listing came on the market last week outpacing unit sales by about 10%. Saskatoon real estate agents reported a total of 123 sales of single-family homes and condominiums over the same period.
The average selling price of a Saskatoon home was $13,000 lower this past week at $222,150 compared [...]