All Blog Entries by Andrew Slater

Found 21 blog entries published by Andrew Slater.

SASKATOON REAL ESTATE REPORT

February Update:

February's residential sales of 352 units were up from January's total of 278. They were up 53.04% from February 2020 which saw 230 units sell!

- 131 of the 352 were in the price range between $200,000 - $349,999 (37.22%)

- $200,000 - $299,999 had 85 units sell (24.72%)

- $300,000 - $349,999 had 38 units sell (12.50%)

Here are some interesting numbers for February

-$500,000 - $750,000 had 37 units sell, February 2020 saw 15 units sell

- $750,000 - $999,999 had 8 units sell, February 2020 saw 0 units sell

- $1,000,000+ had 1 unit sell, February 2020 saw 0 units sell.

When home sales are up, along with higher priced homes, it's an indication that consumers are confident in the

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SASKATOON REAL ESTATE REPORT

January Update:

January's residential sales of 278 units were up from December's total of 274. They were up 26.94% from January 2020 which saw 219 units sell!

- 124 of the 278 were in the price range between $200,000 - $349,999 (44.60%)

- $200,000 - $299,999 had 85 units sell (30.58%)

- $300,000 - $349,999 had 38 units sell (13.67%)

Is the market still hot? Last January there were 24 houses sell priced over $500,000. This January there were 42!

For more details on these stats, compiled by the Saskatoon REALTORS® Association click here.

What is selling the most; Single Detached? Townhouses? Apartment style condos?

- Of the 278 sales in January

 - 188 were single detached (67.63%) 

 - 50

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SASKATOON REAL ESTATE REPORT

 December Update:

December's residential sales of 274 units were down from November's total of 358. They were up 34.98% from December 2019 which saw 203 units sell!

- 112 of the 274 were in the price range between $200,000 - $349,999 (40.88%)

- $200,000 - $299,999 had 65 units sell (23.72%)

- $300,000 - $349,999 had 47 units sell (17.15%)

For more details on these stats, compiled by the Saskatoon REALTORS® Association click here.

What is selling the most; Single Detached? Townhouses? Apartment style condos?

- Of the 274 sales in December, 196 were single detached (71.53%) Up from 69.0% in November.

 - 44 were Semi Detached (Townhouses, 1/2 duplex)  (16.05%) Up from 14.1% in November.

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Will sales of vacation properties in Saskatchewan

be as hot as the residential housing market?

 

Check out this beautiful lakefront property for under $400,000!

The answer?

It's already happened!

Vacation property sales in Saskatchewan went from 291 in 2019 to 459 in 2020, that's an increase of 57.7%! If you are wondering about 2015-2017, we only started tracking these sales in late 2017!

Did the average price go up as well? This chart shows us that the average price went up 10.7% from 2019 to 2020, this is for all of Saskatchewan.

 

 

This chart shows Emma Lake, were the average went up 29.7% from 2019 to 2020!

Obviously, the more popular the lake or the location, the higher the price has gone up.

   

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November 2020 sales 47.33% higher than November 2019!

 

November Update:

November's residential sales of 358 were down from October's total of 430. They were up 47.33% from November 2019 which saw 243 units sell!

- 158 of the 358 were in the price range between $200,000 - $349,999 (44.1%)

- $200,000 - $299,999 had 108 units sell (30.1%)

- $300,000 - $349,999 had 50 units sell (14.0%)

For more details on these stats, compiled by the Saskatoon REALTORS® Association click here.

What is selling the most; Single Detached? Townhouses? Apartment style condos?

- Of the 358 sales in November, 247 were single detached (69.0%) Down from 74.2% in October

 - 50 were Semi Detached (Townhouses, 1/2 duplex)  (14.1%) Up from 13.0% in

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Born and raised in Saskatoon, Andrew spent 30 years travelling the world with food & beverage industry. Now, though, he works hard each and every day helping Saskatchewan families find their dream home as a trusted, knowledgeable Saskatoon REALTOR®. Though you'll usually find him busy helping his clients and staying up to date with the latest real estate market trends, he took a few minutes to share a bit about himself with us:

What’s your favourite part about being a REALTOR®?

It’s something new every day, it’s a challenge and I learn so much. It’s never the same thing and as technology has moved up, there’s something else to learn in the real estate market.

Tell us a little bit about yourself.

I was born and raised in Saskatoon. I have

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October 2020 sales 41.45% higher than October 2019!

 

October Update:

October's residential sales of 430 were the same as September's total of 430. They were up 41.55% from October 2019 which saw 304 units sell!

- 175 of the 430 were in the price range between $200,000 - $349,999 (40.7%)

- $200,000 - $299,999 had 105 units sell

- $300,000 - $349,999 had 70 units sell

For more details on these stats, compiled by the Saskatoon REALTORS® Association click here.

What is selling the most; Single Detached? Townhouses? Apartment style condos?

- Of the 430 sales in October, 319 were single detached (74.2%)

 - 56 were Semi Detached (Townhouses, 1/2 duplex)  (13.0%)

- 48 were Apartment style Condos (11.2%)

- The remaining 7

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August 2020 sales up 41.85% from August 2019!

September sales up 40.07% from September 2019!

My apologizes for falling behind on the market reports!

August Update:

August's residential sales of 461 were down from July's total of 550, but were still up 41.85% from August 2019 which saw 325 units sell!

- 203 of the 461 were in the price range between $200,000 - $349,999 (44%)

- $200,000 - $299,999 had 116 units sell

- $300,000 - $349,999 had 87 units sell

For more details on these stats, compiled by the Saskatoon REALTORS® Association click here.

What is selling the most; Single Detached? Townhouses? Apartment style condos?

- Of the 461 sales in August, 346 were single detached (75.1%)

 

- 62 were Semi Detached

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July Tops June!

June had 515 residential properties sell, that is an average of 17.17 per day. As of July 18th there were 284 residential sales, an average of 15.78 per day. July is on pace for 489 sales.

Update:

July's residential sales end up at 550! That is the highest monthly sales in the past 10 years!

The average sales price in July 2020 was $350,458, July 2019 was $331,757

Does that mean house prices are up? You have to look deeper into the stats. 

Good House are Selling!

64 of the 284 houses that sold in July sold in the first 14 days of being listed (22.5%)

112 sold in the first 21 days of being listed, 39%!

What type of property is selling the most? Single detached houses, 203 of the 284 were single detached, 71%

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10) Timing:

Spring is typically the best time of year to sell a house. Looking at the chart below, you can see that May has the most sales in Saskatoon, except for 2020, of course. (And we all know what is happening this year!)

Depending on your situation, though, you might not have the luxury of selling in May. But here in Saskatchewan, it is the time of year makes the most sense. This gives you the opportunity to have an end-of-June possession for both the house you're selling and the one you're buying. It also means you won't disrupt the school year and, if you time it right, you also won't lose out on too much of your summer vacation time either!

Now, this isn't to say your house won't sell at any other time of the year, but the

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