There were 229 reported sales in areas 1-5 of Saskatoon during January, an increase of 4% from last year when there were 221 during the month. This is an increase of 25% from last month which had 183 reported sales. Areas 6-9, which include communities and towns surrounding the city, reported 79 sales during the month, an increase of 34% over last year when there were 59. This represents an increase of 39% from last month which saw 57 reported sales in areas 6-9.
The average selling price of a home in Saskatoon rose 5% from last January to $353,561. The average selling price in areas 6-9 increased 7% for the same period to $299,579.
There were 635 new homes listed for sale in Saskatoon in January, an increase of 11% from last January which had 571 new listings. Areas 6-9 had 240 listings hit the market during the month, an increase of 18% from last year's 204.
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.