Real Estate Blog

STRONG SALES CONTINUE IN OCTOBER DESPITE PERSISTENT INVENTORY CHALLENGES

The City of Saskatoon reported 382 sales in October, a year-over-year gain of 20 per cent and 12 per cent above long-term, 10-year trends.
New listings failed to offset a sixth consecutive month of above-average sales, resulting in the lowest October inventory levels reported in the Bridge City since 2007.
The benchmark price  reached $382,700 in October, up from $381,900 in September  and nearly 4 per cent above October 2022.
Year-over-year price gains were reported in all property types, ranging from one per cent in semi-detached properties - to an eight per cent
increase in townhouse/row-style properties
Average sale prices in October
Single family homes $439,151
Single family homes with double detached garages $414,195
Single family homes with double attached garage $546,446
Townhomes sale price $282,442
2bedroom apartments $282,120
1bedroom apartment average $167,266