Saskatoon Real Estate Market Update for February 2013

There were 265 sales reported in areas 1-5 in Saskatoon during the month of February, down 18% from the 325 sales reported in February 2012. This is an increase of 19% from last month which had 222 reported sales.  Areas 6-9, which include acreages and surrounding communities, reported 76 sales, a decrease of 11% from the 85 reported sales during the same period last year. This is an increase of 29% from January which had 59 reported sales.

The average selling price of a home in Saskatoon increased 6% from February 2012 to $329,726. Areas 6-9 saw an increase of 4% from last February with homes selling for an average price of $260,215.

There were 480 homes listed for sale in Saskatoon during the month, down 16% from February 2012 when 572 homes were listed. This brings the total number of active listings to 1,040. The surrounding area had 209 new listings, down 7% from last year’s period, to end the month with 808 properties listed for sale.

There are currently 607 trained and licensed Realtors with the Saskatoon Region Association of Realtors, an increase of 8% from last February when there were 561 licensed agents.


If you have any questions about the Saskatoon real estate market or would like to discuss your Saskatoon real estate needs, feel free to contact us any time.

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