Saskatoon Real Estate Market Update for June 2013

There were 473 reported sales in areas 1-5 of Saskatoon during the month of June, an increase of 8% from June 2012, which saw 436 sales. This represents an increase of 11% from last month when there were 428 reported sales. Areas 6-9, which include the communities surrounding Saskatoon as well as acreages, reported 118 sales during the period, an increase of 16% from last year when there were 102 sales, and a slight increase of two sales from last month which had 116.


The average selling price of a home in areas 1-5 during June was $348,328, an increase of 5% from June 2012. Areas 6-9 saw homes sell for an average price of $297,790, an increase of 4% from the same period last year.


There were 750 new homes listed for sale in Saskatoon during the month, up 5% from last year when there were 717 new listings in June. This brings the total number of active residential listings in areas 1-5 to 1,316. Areas 6-9 saw a large increase this year as well, with 303 homes listed for sale during the month, an increase of 27% from last June's 239. The current number of active listings in areas 6-9 is 1,316.


There are currently 608 licensed Realtors with the Saskatoon Regional Association of Realtors, an increase of 3% from last June when there were 590.


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.

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