Archives for December, 2008
Posted by Norm Fisher on December 28, 2008
Having just celebrated my sixteenth Christmas holiday season as a Realtor, I’ve learned over the years that you just can’t expect much of this particular week. Close your local MLS for three of the five regular business days and pretty much expect sales and listings to fall off of the map. This year was no [...]
Posted by Norm Fisher on December 21, 2008
It was a far stronger week than I had expected. Perhaps Saskatoon real estate buyers were in the Christmas spirit. Overall, sellers had a better week than they did the previous week with stronger sales, higher prices and smaller underbids. Oddly, multiple offers were received on a number of properties. I am familiar with four [...]
Posted by Norm Fisher on December 20, 2008
What would happen if the Canadian real estate market followed a similar path to the U.S. housing market, and what would that look like a year down the road?
The Financial Post answered that question in an article titled, “How low can they go? If Canadian prices follow U.S. trends, certain cities will experience a major [...]
Posted by Norm Fisher on December 14, 2008
As expected, new Saskatoon real estate listings continued to taper off this week falling to their second lowest level for any week this year. A total of 58 residential properties were offered up for sale including 30 single-family detached houses and 15 condominiums. 26 residential listings were cancelled or withdrawn and just 10 of those [...]
Posted by Norm Fisher on December 9, 2008
RBC’s recently released “Housing Trends and Affordability” study suggests that housing affordability in the province saw some modest improvements over the third quarter but the Saskatchewan housing market is experiencing a “hangover” after a year of partying hard.
“Like Alberta and British Columbia before it, Saskatchewan is about to feel the downside of frenzied markets. Housing [...]
Posted by Norm Fisher on December 7, 2008
New listings in the Saskatoon real estate market fell to their lowest level since the week of December 31 – January 4 as a total of 70 properties made their way to the MLS system including 45 houses (single-family detached homes) and 17 condominiums. Additionally, just 13 of the 43 properties that were cancelled or [...]
Posted by Norm Fisher on December 6, 2008
The Saskatoon Region Association of Realtors recently reported November results for the entire residential category of Saskatoon real estate, which includes single-family homes, condominiums, semi-detached properties, duplexes, mobile homes and vacant lots. Unit sales totaled 181 properties across all of these property types, and an average sale price of $278,495. Let’s have a look at [...]
Posted by Norm Fisher on December 1, 2008
The Saskatoon Region Association of REALTORS® (SRAR) has released November’s statistics for the residential category along with the following media release.
The active residential listings number dropped slightly during the month of November. Buyers had 1495 properties to choose from at the end of November that number down from 1667 properties being available in October of [...]