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Saskatoon Real Estate Market Update - August 2021

Even though we aren’t quite ready for summer to be over, we are getting closer to cooler temperatures and the fall real estate season in Saskatoon. We are going to share what we can expect from the rest of the summer real estate market and how we think it might change as we move into the fall.

But first, Let's look at the stats from the past month...

In July, there were 488 homes sold, which represents a slight decrease in sales of 10.8% compared to July 2020, where we saw 547 sales. Keep in mind that sales in July 2020 were extremely high, and even the 488 sales we saw this month is still 25% more than July 2019. Even though this is the first month in 2021 where sales have been down a bit, compared to a regular year, like between 2017 - 2019, these sales volumes would still be considered very strong.

Currently there are approximately 1464 active listings on the MLS. 758 of those were new listings posted in July which is down 7% compared to July 2020, where we saw 816 new listings.

The average sale price in July 2021 was $366,416. This is an increase of almost +7% YTD compared to this same time in 2020.

In the first half of 2021, we saw an extremely HOT sellers market in Saskatoon with high sales volumes and low listing inventories.

With more and more restrictions being lifted in Saskatoon, things are starting to feel a bit more normal. We are starting to see people get back to their regular routines by going out to dinner more regularly, planning fall and winter vacations and spending more money on entertainment. This increase in spending may be resulting in less funds available to spend on real estate and might be contributing to sales slowing down a bit.

This is good news for buyers, because based on the rules of supply and demand, if sales start to slow down, and inventories start to rise, that creates a greater selection of homes to choose from in Saskatoon for buyers. So if you’ve been waiting to pull the trigger on buying a new house, this fall might be the perfect time to start searching for your dream home. Reach out to us and we would be happy to get a plan in place to start your home search.

For sellers, low interest rates continue to support a strong sales market. There are lots of potential buyers looking to upsize, downsize, or to buy their first home.

As always, if you would like any information on buying or selling your home in Saskatoon, don’t hesitate to contact either one of us.

Thanks again and see you next month!

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New property listed in Pilger

I have listed a new property at 110 20 HWY in Pilger.

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Fantastic family home in the Village of Pilger, close to the City of Humboldt as well as Lucien Lake Regional Park. This 5 bedroom home has been very well taken care of. All of the flooring is in very good condition and all appliances and window coverings are included. The large kitchen is bright and has ample storage space. It has a large living room & 3 bedrooms on the main floor and 2 on the second floor. It has a newer furnace and central air conditioning. The backyard is well treed and private with a deck, green space, and garden area. If you are looking for an affordable home in a great community this home will impress!

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New property listed in Sutherland, Saskatoon

I have listed a new property at 661 Reid RD in Saskatoon.

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New property listed in Vanscoy Rm No. 345

I have listed a new property at River View Acreage in Vanscoy.

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New property listed in Eastview SA, Saskatoon

I have listed a new property at 2125 Easthill in Saskatoon.

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New property listed in Sutherland, Saskatoon

I have listed a new property at 661 Reid RD in Saskatoon.

See details here

Welcome to 661 Reid Road. This bright 1210 sq ft bungalow features an open concept living space with an updated kitchen and new appliances! The main floor also features 3 large bedrooms and a 4pc bathroom. The owner's bedroom is large with an attached 3pc ensuite. The basement is fully finished with 1 bedroom, den, 3pc bath, and a huge living area! the back yard is complete and also has back lane access.

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New property listed in Eastview SA, Saskatoon

I have listed a new property at 2125 Easthill in Saskatoon.

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Welcome to 2125 Easthill. This bright 1056 sq. ft., 4 bedroom, 2 bathroom bungalow in Eastview is a great starter home with lots of potential. It features a huge two car garage and a spacious backyard with alley access.

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New property listed in Blairmore, Saskatoon

I have listed a new property at 310 702 Hart RD in Saskatoon.

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New property listed in Nutana, Saskatoon

I have listed a new property at 105 1012 Lansdowne AVE in Saskatoon.

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New property listed in Clavet

I have listed a new property at Clavet 19 Acre Parcel in Clavet.

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These 19 acres are set on picturesque country side, just a short drive from Saskatoon and minutes from Clavet! With nearly all pavement to your future home, this parcel also has all services/utilities right at the edge of the property by the road. Many mature trees for privacy and fenced on 3 sides. With the new highway and all of Clavet's convenient amenities, this parcel is the perfect place for your future acreage. DIRECTIONS: Take highway 16 east towards Yorkton. Pass the two Clavet signs and turn right on to Hanson Road. Go 1km past two acreages and turn right on the gravel road. The 19 acre parcel is just past the first acreage on the right side.

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I have listed a new property at 423 Brightwater CRES in Saskatoon.

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New property listed in Haultain, Saskatoon

I have listed a new property at 621 7th ST E in Saskatoon.

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