In April, the $300 - $349,999 price range saw the greatest activity with 62 residential sales in Saskatoon. The $225 - $249,999 and the $250 - $274,999 range was also quite active, with 46 sales in each range.
Looking at year-to-date sales, the $300 - $349,999 price range saw the most activity with 157 properties being sold from January to April. Sales in the upper price range remain steady:
~ $350 - $399,999 -- 90 properties sold
~ $400 - $449,999 -- 49 properties sold
~ $450 - $749,999 -- 51 properties sold
~ Over $750,000 -- 4 properties sold
Under the $300,000 mark, year to date sales were as follows:
~ $275 - $299,999 -- 116 properties sold
~ $250 - $274,999 -- 125 properties sold
~ $225 - $249,999 -- 135 properties sold
~ $200 - $224,999 -- 101properties sold
The average selling price in April was $274,455, down from April 2008's average of $306,031. To arrive at the monthly average residential price, the total dollar volume of the month is divided by the total of units sold. Prices vary substantially from area to area. If you, as a homeowner are looking for an accurate estimate of value for your property, please contact us at The Gustus Group and we would be happy to do a comparative market analysis. Or you can also go to www.homepricessaskatoon.com.
In April, 694 properties were placed on the market through the MLS system, down 23% from April 2008, when 896 homes were listed. There were 1499 properties for buyers to choose from at the end of April, down from the market high in September of 2008, when the total properties listed was 1748.
Saskatoon Realtors helped 353 buyers purchase a home in April. Although this number is 15% lower than April 2008, when 413 units sold, it is up almost 25% from March's total of 283. 2009 sales figures were ahead of 2005 and 2006. This graph shows April Unit Sales from 2005 to 2009.
