As you can see by the chart below, sales surrounding Saskatoon are increasing, with the number of units sold in May at 97, up from 29 in January. The average sell price at $241,080 in these areas (year-to-date), is not far behind the city's average year-to-date price of $276,091. The time it takes to sell a property outside of Saskatoon is an average of 64 days, year-to-date. This is somewhat higher than Saskatoon's year-to-date average of 46 days.
If you're not sure what is meant by Areas 6 to 9, take a look at the map below which shows what towns and communities are included in this surrounding area.
Map showing areas 6 to 9 surrounding Saskatoon:
A good portion of these surrounding area sales are in the bedroom communities of Martensville and Warman, which are 15 & 20 minute drives from Saskatoon. This graph shows the number of units sold in the month of May in the years from 2005 to 2009. As you can see, sales have increased substantially in these towns this year.
As always, I'm available to answer any questions you might have. Give me a call!
Comments Welcome! To submit a comment, please click on the Blog Title & scroll down the page & complete the form provided.