John Pearce

Activity was down slightly for Saskatoon REALTORS® in the month of September with 365 residential properties changing hands compared with August which saw 415 sales. The trend of sales increasing over last year continues however as we saw a 21% increase over September 2010 when 301 properties sold. Total residential sales Year to Date is currently at 3,183, that number up 13% from 2010 when the total stood at 2,823 for the end of September. The $300,000 to $350,000 price range continues to be the most active with 82 sales. The average number of days to sell in the month of September was 40 days.

The average residential selling price in September took a slight dip to $311,057.00 reflecting a 1% decrease from September 2010 when the average selling price was $312,914.00. At the end of September the year to date average selling price was $307,415.00 up 4% from year to date numbers in September 2010 when the year to date average was $294,741.00.

The average residential price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

Properties listed in September totaled 608 up 2% from the same month a year ago. Year to date 5,770 homes have been listed for sale up 3% from year end September 2010 when 5,626 were placed on the market. Buyers had less to choose from with 1,222 available at the end of September, that number down from September 2010 when 1355 were available to purchase.

In areas surrounding Saskatoon e.g. Martensville, Warman, Clavet, etc sales activity this September was considerably stronger than last September, increasing from 79 to 101 homes sold. REALTORS® listed 281 properties in these areas in the month of September. That number up slightly from 2010 when 272 properties were placed on the market for sale. The average selling price in these areas was $281,294.00 up nearly 13% from September 2010 when the average was $249,825.00. During the month of September in areas surrounding Saskatoon it took 59 days on average to sell a property.

The City of Saskatoon continues to develop new neighborhoods to keep up with the demand for new lots. Recent anouncemets in the resource sector will continue to bolster optimism in the Saskatchewan economy helping to maintain home pricing and demand.

Saskatoon Region Association of REALTORS®

May’s residential home sale market was up 21% from May 2010 with 423 homes selling as compared to 351 homes selling in May last year. The greatest sales activity remained in the $300,000 to $350,000 price range with many first time buyers entering the market. The average number of days to sell lessened from May 2010 when it took 36 days on average to sell as compared to 33 days to sell this indicating an active market environment.

The average residential selling price in May was $317,932 this number was up 8% from May 2010 when the average selling price was $295,167. The increase in the average selling price indicates strong sales activity in the mid to upper price range. Year to date the average selling price stands at $304,664 up 5% from last year at this time when the average price was $289,277.

The average residential price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

Inventory levels continued to stabilize in the month of May. Home buyers had 1378 homes to select from at the end of the month that number up slightly from May 2010 when 1300 homes were on the market. REALTORS® listed 762 homes in May that number was down 2% from May 2010 when 779 properties were listed for sale. Year to date 3,164 properties have been listed for sale that number on par with 2010. Inventory levels remain steady providing home buyers with a reasonable number of homes from which to select.

In areas surrounding Saskatoon home sale activity was up 21% from May 2010 with 104 homes selling as compared to 86 homes selling in May 2010. REALTORS® listed 319 properties in these areas in the month of May. That number is up 17% from May 2010 when 272 properties were placed for sale on the market. In the month of May the average number of days to sell lessened from 65 days to sell in May 2010, to 54 days to sell this May.

Optimism in Saskatoon’s economy remains high. This in turn is reflected in the consumer’s willingness to invest both in residential and commercial real estate. The first ever annual Saskatchewan Real Estate Forum held at TUC place last month attracted 460 participants. Attendees represented every sector imaginable from across the province and note worthy was the very high attendance from out of province.

Conference goers were determined to find out what the buzz is in Saskatoon and in our province and why so many people want to buy and invest in Saskatchewan. All of this interest and activity is only the beginning of what we will see in the real estate market in Saskatoon and area in the days and months ahead. In addition renters are looking to purchase and many current home owners are looking to move up in house.

Saskatoon’s new home market remains strong with steady city lot sales taking place. Interest rates are favorable to purchase that next home and job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to increase marginally and for resale prices to move up slightly due to demand.

Saskatoon Region Association of REALTORS®

The 2011 residential resale market started on a positive note with Saskatoon REALTORS® assisting 195 home buyers with the purchase of their dream home. This number was up 10 % from January 2010 when 178 homes were sold. The $300,000 to $350,000 price range continues to be the most active. The average number of days to sell in the month of January was 43 days.

The average residential selling price in January was $300,353.00 this number up 11 % from January 2010 when the average selling price was $270,265.00.

The average residential price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

REALTORS® listed 531 homes in January that number up 34% from January 2010 when 395 properties were listed for sale. Home buyers had 958 homes to select from at the end of January.

In areas surrounding Saskatoon sales activity was very active with 57 homes selling that number up 73% from January 2010 when 33 homes were sold. REALTORS® listed 214 properties in these areas in the month of January. That number is up 60 % from January 2010 when 134 properties were placed on the market for sale. The average number of days to sell in areas around Saskatoon during the month of January was 60 days.

The new home market remains strong with steady city lot sales taking place. Interest rates remain unchanged being favorable to purchase that next home. Job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to continue to balance and for prices level or move up slightly due to demand.

Saskatoon Region Association of REALTORS® Inc 1149-8th Street East, Saskatoon, Sk S7H 0S3 TEL: (306) 244-4453 FAX: (306) 343-1420 www.srar.ca info@srar.ca Mission: "To Support our Members Professional Success, Career Development and Quality of Life" Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Used under license

As forecast, the unit sales number for the month of October declined by 15% with 262 properties being sold as compared to 309 properties selling in October 2009. However the average selling price in October was $293,929.00 up 7% from October 2009 when the average was $274,879.00. The year to date unit sales number is down 8% with 3,088 homes having sold as compared to 3,356 homes having sold year to date in 2009.

The average residential price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

For the first time in a while, in October the $250,000.00 to $275,000.00 entry level price range experienced the greatest sales activity. Year to date the $300,000.00 to $350,000.00 range still has dominant sales activity.

REALTORS® listed 455 homes in the month of October the number up 3% from October 2009 when 441 homes were placed on the market. Year to date listing numbers are up 3% with 6,081 properties being listed for sale. Consumers had 1,219 homes to select from at the end of October.

Sales activity in the smaller communities around Saskatoon e.g. Martensville, Warman, Dundurn remained very steady with 77 units selling. That number was down 14% from October 2009 when 90 units sold. The average selling price was down 3% at $243,353.00, the year to date average selling price in these areas is up 1% at $255,409.00. Listing numbers were down 4% with 190 properties being placed on the market for sale as compared to 198 in October 2009.

Sales activity is expected to remain steady for the remainder of the year. Interest rates remain attractive and job creation continues at a reasonable pace. Existing home sales may continue to soften slightly given steady growth in the new home sector which impacts existing home sales and averages.

Saskatoon Region Association of REALTORS® Inc 1149-8th Street East, Saskatoon, Sk S7H 0S3 TEL: (306) 244-4453 FAX: (306) 343-1420 www.srar.ca info@srar.ca Mission: "To Support our Members Professional Success, Career Development and Quality of Life" Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Used under license

As forecast, the unit sales number for the month of October declined by 15% with 262 properties being sold as compared to 309 properties selling in October 2009. However the average selling price in October was $293,929.00 up 7% from October 2009 when the average was $274,879.00. The year to date unit sales number is down 8% with 3,088 homes having sold as compared to 3,356 homes having sold year to date in 2009.

The average residential price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

For the first time in a while, in October the $250,000.00 to $275,000.00 entry level price range experienced the greatest sales activity. Year to date the $300,000.00 to $350,000.00 range still has dominant sales activity.

REALTORS® listed 455 homes in the month of October the number up 3% from October 2009 when 441 homes were placed on the market. Year to date listing numbers are up 3% with 6,081 properties being listed for sale. Consumers had 1,219 homes to select from at the end of October.

Sales activity in the smaller communities around Saskatoon e.g. Martensville, Warman, Dundurn remained very steady with 77 units selling. That number was down 14% from October 2009 when 90 units sold. The average selling price was down 3% at $243,353.00, the year to date average selling price in these areas is up 1% at $255,409.00. Listing numbers were down 4% with 190 properties being placed on the market for sale as compared to 198 in October 2009.

Sales activity is expected to remain steady for the remainder of the year. Interest rates remain attractive and job creation continues at a reasonable pace. Existing home sales may continue to soften slightly given steady growth in the new home sector which impacts existing home sales and averages.

Saskatoon Region Association of REALTORS® Inc 1149-8th Street East, Saskatoon, Sk S7H 0S3 TEL: (306) 244-4453 FAX: (306) 343-1420 www.srar.ca info@srar.ca Mission: "To Support our Members Professional Success, Career Development and Quality of Life" Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Used under license

Home buying activity was down slightly in the month of July with 357 homes selling down 18% from July 2009 when 438 homes were sold. Year to date unit sale numbers are down 4% with 2,217 homes having sold as compared to 2,304 selling in 2009 at this time of year. The majority of the sales activity remained in the $300,000.00 to $350,000.00 price range.

The average selling price remained strong at $289,715.00 up 2% from July 2009 when the average was $283,531.00. Year to date the average selling price is $290,515.00 up 5% from 2009 when the average year to date number was $277,490.00. The higher average selling price indicates continued strength in the mid price range homes. In July it took 39 days on average to sell a home.

The average residential price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

Home buyers had 1,334 properties to select from at the end of July. Inventory levels decreased from the month of June when 1412 homes were on the market. Listing inventory continues to balance with REALTORS® listing 550 properties in the month of July that number down 7% from July 2009 when 594 homes were placed on the market for sale. Year to date listing numbers are on par with 2009 with 4,389 having been listed for sale.

Similar sales and listing activity was seen in the areas around Saskatoon e.g. Martensville, Warman, Clavet and Dundurn. Unit sales softened with 71 properties selling down 34% from July 2009 when 108 properties sold. The average price increased to $284,158.00 up 12% from July 2009 when the average selling price was $254,123.00. Listing numbers were down 15% with 230 properties being placed on the market. Year to date 1,643 have been placed on the market.

Market demand remains steady, interest rates are favorable and job growth continues. Similar market conditions are expected for the remainder of the summer.

Saskatoon Region Association of REALTORS® Inc 1149-8th Street East, Saskatoon, Sk S7H 0S3 TEL: (306) 244-4453 FAX: (306) 343-1420 www.srar.ca info@srar.ca Mission: "To Support our Members Professional Success, Career Development and Quality of Life" Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Used under license 

The second quarter of 2010 ended with 1,863 year to date residential unit sales on par with 2009. The unit sales number for the month of June declined by 17% with 364 properties being sold as compared to 441 properties selling in June 2009. However the average selling price in June was $295,963.00 up 7% from June 2009 when the average was $276,194.00. This increase indicates strong activity in the mid to upper price range of homes. The $300,000 to 350,000.00 price range continues to experience the greatest sales activity

The average residential selling price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

REALTORS® listed 676 homes in the month of June a similar number to June 2009 when 669 homes were placed on the market. Year to date listing numbers are on par with 3,838 properties being listed for sale. Consumers had 1,412 homes to select from at the end of June.

Sales activity in the smaller communities around Saskatoon e.g. Martensville, Warman, Dundurn remained very balanced with 101 units selling. That number was up 3% from June 2009. The average selling price was up 1% at $254,203.00, the year to date average selling price in these areas is up 4% at $252,788.00. Listing numbers were down 4% with 246 properties being placed on the market for sale as compared to 257 in June 2009.

Similar market activity is expected in the third quarter. New home sales are brisk, interest rates remain attractive, job creation continues to increase and regular in migration is taking place. In addition consumer confidence in the local economy also remains strong. All of these are necessary components of a healthy real estate market environment.

All statistical measures were up in the month April beginning with units sales, up 6% with 372 homes being purchased as compared to 352 homes purchased in April 2009. Year to date numbers remain strong with 1147 units being purchased as compared to 1056 in 2009. REALTORS® sold $111,307,000.00 of real estate in April up 15% from April 2009. Year to date $330,016,00.00 of real estate has exchanged hands up 14% from 2009.

The average residential selling price was $299,214.00 that number up 9%from April 2009 when the average $275,586.00. The year to date average selling price stands at $287,722.00 up 5% from 2009.

The average residential price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

Eager home buyers had a slightly increased inventory to select from at the end of April with 1258 homes being for sale. The number of listings taken by Saskatoon REALTORS® in the month of April was up by 13% with 784 properties being placed on the market as compared to 693 in April 2009. Year to date 2383 homes have been listed for sale.

Real estate activity was up in areas surrounding Saskatoon e.g. Martensville, Warman, Clavet and Dundurn. Unit sales were up 39% with 115 properties being purchased. The average selling price was $233,792 down 10% from April 2009 when the average was $260,956. This decline in the average selling price indicates more properties selling in the lower to mid price range.

All indicators point to a stable market conclusion for the second quarter. The market is fairly balanced with sufficient inventory being available for home buyers. Consumer confidence and optimism in the local and provincial economy is high. Job creation and availability remains steady. New home starts are steady

Saskatoon’s real estate market maintained its momentum throughout the first quarter. Unit sales were up 28% from March 2009 with 361 homes being sold as compared to March 2009 when 282 units were sold. Year to date 775 properties have exchanged hands that number up 10% from 2009 when 704 properties exchanged hands. The average days on market has dropped to 30 days with some areas having as low as 22 days to sell on average.

The average residential selling price in March was $282,615.00 up 6% from March 2009 when the average selling price was $266,620.00. The average selling price year to date is $282,270.00 up 3% from 2009 when the average price was $274,555.00. The highest number of sales year to date has taken place in the $300 to 350,000.00 price range.

The average residential price is derived by taking the month’s dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member to do a comparative market analysis.

Listing inventory remained steady with home buyers having 1045 properties to select from at the end of March. REALTORS® listed 738 homes in March up 11% from 2009 when 662 were placed on the market for sale.

In areas surrounding Saskatoon e.g. Martensville, Warman etc unit sales were up 49% with 97 properties selling as compared to March 2009 when 65 properties were sold. Year to date 168 properties have sold in these areas that number up 22% from 2009 when 138 properties had sold. The average selling price in these areas was $260,054.00 up 16% from March 2009 when the average was $224,328.00.

The Saskatoon and area market is steady and is expected to remain steady throughout spring and summer. Slightly higher interest rates may affect some first time buyers who typically are close to the line when qualifying for financing to purchase a home. Conditions in Saskatoon are very favourable for strong real estate sales and development.

City lot sales for 2010 have already exceeded the City Land Branch goals and expectations. Saskatoon leads the nation in population growth and job creation. Many businesses regularly express interest in relocating to this city and in-migration in general is becoming more common place. Even at the Olympics people stood in line for 2 hours to get into the Saskatchewan pavilion. All indicators point to 2010 remaining a solid market environment in Saskatoon.

Harry H. Janzen, CAE

Executive Officer

Saskatoon Region Association of REALTORS®

Saskatoon Region Association of REALTORS® Inc 1149-8th Street East, Saskatoon, Sk S7H 0S3 TEL: (306) 244-4453 FAX: (306) 343-1420 www.srar.ca info@srar.ca Mission: "To Support our Members Professional Success, Career Development and Quality of Life" Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Used under license