The number of residential listings in Saskatoon continues to rise. There were 694 homes listed in April 2009, up from 662 in March, 568 in February and 512 in January of this year. At the end of April, buyers had 1,499 residential listings to choose from, up from 1,156 homes at the end of January 2009.
Sales have also increased substantially. In April 353 homes were sold in Saskatoon, up from only 213 in Janaury of 2009. Houses are starting to sell a little faster as well. In January & February it took an average of 56 & 53 days to sell a home, while in March & April the average went down to 44 & 43 days, respectively.
Looking at the different areas of the city, Area 1 (east of Circle Dr.) saw the most activity with 916 units listed and 380 units sold since January. Area 2 (Eastside between river & Circle Dr.) didn't have near as many homes listed, but comparatively speaking, sold more at 272 units sold since January. Areas 3 (North end & downtown), 4 (between Idywyld Dr & Circle Dr W), and 5 (west of Circle Dr) were considerably behind areas 1 & 2, with year to date listing totals of 357, 276 & 333, respectively. Number of units sold since January in areas 3,4, & 5 were 119, 106 & 180, respectively.
As the graph belows shows, the average sale price of residential properties varies from month to month, with February being the highest so far this year at $281,681
As always, please feel free to email or call if you have questions or would like to discuss real estate.