The Real Estate Market correction continues in Saskatoon. There were 669 homes placed on the market in June 2009, down from 721 homes in May. The number of units sold by Saskatoon Realtors in June was 442, an increase of 18.8% from May's total of 372 units sold. And at the end of June, the number of residential properties for sale was 1,439 down from 1,532 homes at the end of May.
Area 1 (east of Circle Dr.) continues to be the most active area of Saskatoon with 246 units listed and 173 units sold. The average sell price per unit is also the highest in this area at $314,944.
June Area Stats
|
AREA
|
ONE |
TWO |
THREE |
FOUR |
FIVE |
| Units Listed |
246 |
147 |
93 |
102 |
81 |
| Units Sold |
173 |
107 |
48 |
48 |
66 |
| Avg $/Unit |
$314,944 |
$270,562 |
$274,677 |
$168,850 |
$267,435 |
| Days to Sell |
46 |
43 |
39 |
35 |
44 |
| Active Listings |
467 |
299 |
266 |
205 |
182 |
Looking at the different price ranges, sales in the $300,000 to $349,999 price range remain the highest at 73 units sold, up from 52 units last month.
"Similar market activity is expected moving into the third quarter of 2009. Market conditions are favorable with low interst rates, steady employment numbers and a generally strong consumer confidence in the local economy." (Henry Janzen, SRAR Media Release)
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