This image is a screenshot taken from the Saskatoon MLS system that displays the price history of a listed property. The home seller is clearly confused. He has adjusted his price 16 times including 9 reductions and 7 increases. That’s right. 7 increases. Oddly, the asking price is still higher than it was the day [...]
New listing activity in the Saskatoon real estate market remained soft for the second week in a row with just 95 residential properties being offered for sale including 68 single-family homes and 27 condominiums. A total of 78 properties were cancelled or withdrawn from the market over the course of the week, and 51 of [...]
Amidst a backdrop of crumbling credit markets and stock indices desperately looking for the bottom, the U.S. resale housing market showed some promising signs in September as existing home sales rose 5.4% over August and posted their first year-over-year gain in three long years. Nationwide, home sales rose 1.4% in September over the previous year.
The [...]
Before we get started with last week’s real estate activity I want to point out a couple of changes that I’ve introduced to the “Week in Review” which you can expect to see on an ongoing basis. First, I’ve added the median selling price for each of the five areas to the graphic that you’re [...]
New listing activity in the Saskatoon real estate market picked up considerably this week as 161 new listings were placed on the agent MLS including 105 single-family homes and 46 condominiums. Additionally, 47 of 84 cancelled listings found their way back to the MLS as new listings. I suspect that some of the homes that [...]
The Saskatoon Region Association of Realtors recently reported September results for the entire residential category, which includes single-family homes, condominiums, semi-detached properties, duplexes, mobile homes and vacant lots. Unit sales totaled 246 properties across all of these property types, and an average sale price of $297,836. Let’s have a look at how houses and condominiums [...]
In a move intended to “make loans more available and more affordable for Canadians and businesses,” Finance Minister Jim Flaherty announced today that the Canadian government would purchase $25 billion dollars worth of mortgages already insured by Canada Mortgage and Housing Corporation.
Flahrety insists that not a single Canadian bank is at risk of failing but [...]
SASKATCHEWAN, October 6, 2008 – The red-hot house prices and wild activity of Saskatchewan’s recently explosive real estate market have both tempered during the third quarter. The combination of rising inventory levels and a decrease in buyer demand in both Saskatoon and Regina have positioned the real estate markets in both cities in the buyers’ [...]
Total active residential listings in the Saskatoon real estate market took a strong dip this week falling to 1,680 units, down 76 properties from the previous week when active listings peaked at 1,756. Over the course of the week, 67 property listings were either canceled or withdrawn from the Saskatoon MLS, and just 42 of [...]
The Saskatoon Region Association of REALTORS® released its housing statistics for September today, accompanied by this release.
Saskatoon REALTORS® assisted 246 home buyers to fulfill their home ownership dreams in September, this number is up slightly from last month. Year to date 2969 residential units have been purchased, that number down 18% from last year at [...]
