Real Estate Blog

We saw a 17% decline in Sales- there was only 201 sales in Saskatoon which is okay because that’s relatively consistent with long term trends for this time of Year.

While higher lending rates are impacting sales, a lack of new listings & low inventory remains to be an issue. 415 new listings hit the market, the lowest level since 2008 & over 35% lower than we usually expect to see this time of year.

Single family homes were selling on average for 412,000

Apartments were selling on average for 200,000

Townhomes selling for 250,000

Interesting take away for January- 15% of the sales sold for full price or over asking.

The most popular neighbourhood in January was Brighton was 16 homes sold!

The top 3 busiest neighborhoods for January was Brighton, Rosewood & Stonebridge

Questions about the market -

Jill Bird

306-221-1350

RE/MAX Saskatoon