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Archives for July, 2007

46

Saskatoon real estate: Week in review (July 23-27 2007)

The active listing inventory of Saskatoon homes for sale inched higher again for the eighth consecutive week. 131 new residential listings were offered for sale while only 81 actually traded, leaving a total of 429 homes displaying the active status. This is probably the highest number that we’ve seen so far this year but it’s [...]

65

Saskatoon real estate: Week in review (July 16-20 2007)

Following a couple of weeks which showed some signs that the market may be cooling off, Saskatoon real estate buyers came out in a big way and resumed the aggressive bidding which we’ve become accustomed to seeing here.

The average selling price of a Saskatoon home crept above to quarter million dollar mark again this [...]

15

Dude, where’s my house? Winnipeg man charged with theft after house disappears

A Winnipeg property owner decided to visit a tenant in his revenue home to find out why they hadn’t been paying the rent. When he arrived on the scene, he discovered a parking lot where his house was supposed to be.

It seems that the owner was approached by a man in May of 2006 [...]

19

Saskatoon real estate: Week in review (July 9-13 2007)

Saskatoon real estate sales resumed the hectic pace we’ve become accustomed to this week after recording a fairly significant drop in unit sales the previous week. 119 Saskatoon homes were reported sold, almost double the number reported the week of July 2-6. New residential listings slightly outpaced sales with 127 new listings coming on the [...]

31

The other side of the boom: collateral effects of a changed Saskatoon real estate market

While the Saskatoon real estate market “booms” and the net worth of Saskatoon property owners grows, something else is growing, and it’s not so pretty. It’s the growing gap between the rich and the poor.

In a front page story from today’s Star Phoenix titled, “Poverty in the Midst of Plenty,” Graham Andrews provides a [...]

32

Saskatoon real estate: Week in review (July 2-6 2007)

Reported sales of Saskatoon homes dropped to their lowest point since I started the week in review. Saskatoon real estate agents reported 63 firm sales in residential categories (excluding semi-detached) for the week, a drop of nearly 50% from the previous week.

Meanwhile, 130 new listings came on the market and active residential listings in [...]

25

Saskatoon leads nation for house price increases in Q2/2007: Royal LePage House Price Survey

RED HOT HOUSING MARKET SEARING IN SASKATCHEWAN; CONDITIONS FORECAST TO CONTINUE TO YEAR’S END

– Significant price appreciations and strong demand will characterize the market through 2007 –

SASKATCHEWAN, July 5, 2007 – Intense demand, driven by the swell of in-migration of Saskatchewanians returning from prosperous Alberta, fuelled average house prices and market activity [...]

0

A closer look at the Saskatoon real estate statistics for June 2007

The average selling price of Saskatoon homes took another substantial jump during the month of June passing the quarter million dollar mark for the first time ever. A total of 452 single-family homes and condominiums changed hands in June at an average of $251,120.

328 single family homes (houses) were sold by Saskatoon real estate agents [...]

16

Saskatoon real estate: Week in review (June 25-29 2007)

This past week I heard many agents remark that they hadn’t received offers on their listings at presentation time. Based on the chit-chat that goes on I can’t help but feel that the Saskatoon real estate market is beginning to change but once again, the numbers tell a different story.

Saskatoon homes continued to [...]