Sunday, September 1, 2013
Saskatoon Real Estate Market Update for August 2013
Categories:Saskatoon Real Estate Market Updates
There were 376 reported sales in areas 1-5 of Saskatoon during August, an increase of one sale from August 2012 which saw 375 reported sales. This is a decrease of 19% from last month when there were 463 reported sales. Areas 6-9, which includes the communities surrounding Saskatoon as well as acreages, reported 115 sales during August, an increase of 21% from the same period last year which had 95 sales. This represents a decrease of 13% from July when there were 132 sales.
The average selling price of a home in areas 1-5 during the month was $343,594, up 1% from August 2012. The average selling price of a home in areas 6-9 rose 11% from last year to $287,020.
There were 740 homes listed for sale in Saskatoon during August, an increase of 21% from last year's period when there were 611 new listings to hit the market. This brings the current number of active listings to 1,373. Areas 6-9 saw 263 new listings hit the market, up 5% from the same period last year when there were 250.
There are currently 611 licensed Realtors with the Saskatoon Regional Association of Realtors, a slight increase from last August when there was 608 licensees in the region.
If you have any questions about the Saskatoon real estate market or would like to further discuss your real estate needs, feel free to contact us any time.