The were 300 reported sales in areas 1-5 of Saskatoon during the month, an increase of 14% from last year when there were 263 sales reported during February. This is an increase of 31% from last month which saw 229 sales. Areas 6-9, which include the towns and surrounding communities, reported 76 sales during the month, the same number that were reported in last year's period. This is a decrease of 4% from January, when there were 79 sales during the month.
The average selling price of a home in Saskatoon was $349,092 in the month, representing an increase of 6% from February of last year. The average price in areas 6-9 rose 14% from the same month last year to $297,511.
There were 576 new homes listed for sale in Saskatoon during the month, an increase of 20% from last year when there were only 480 homes that hit the market in February. Areas 6-9 also saw a significant increase over last year, with 230 homes being listed this February, an increase of 10% from last year's 209.
If you have any questions about the real estate market or would like to discuss buying or selling a home in Saskatoon or the surrounding area, please feel free to contact us any time.