The September stats are in. The Saskatoon market is showing an increase in unit sales in our YTD numbers. In 2008 the year to day sales were 3773 single family properties. In 2009 YTD unit sales are 3848 in singles family properties -a small increase. The Increase in sales over 2008 in September is 98%. While this sounds great, the YTD unit sales show the real picture. The good news for sellers is that the inventory is coming down. Prices are stablizing with good volumes in the $200,000.-$350,000. range. We are now in a shortage situation with east side townhouse properties in the $200,000.-$300,000 range. The buyers are still cautious about the amount they pay for properties, but the prices have now stablized. I expect we may see a small rise in prices in the lower priced properties on the east side in the coming year. It is a good time to consider buying. The interest rates are the lowest in decades and there are grants available to assist buyers in home improvements.
For sellers it is great to see that prices have stablized and the demand is good for most price ranges.
We even had one sale over the million dollar range last month.
Come back for more updates in the coming weeks.
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