We recently received the housing statistics for the month of July and we want to share our thoughts on the current market with you.
Check out the top 3 things we think you need to know about the Saskatoon Real Estate Market right now:
The number of home sales are up +41% for the month of July (this is comparing sales volumes against July 2019). This is a staggering increase in sales and it confirms that Saskatoon is an extremely HOT market right now.
Sales volumes are up 4.1% year to date (YTD) (this is comparing sales volumes for the entire year as of the end of July 2019). This is an impressive statistic considering sales in June 2020 were down -3.6% YTD. Within the span of a month, we've caught up to sales volumes from 2019. This is quite surprising considering we are dealing with a pandemic right now, and you would expect our market to have slowed down because of it.
58 of the 550 sales in July were $500K and above. This shows great confidence...
Ross and Jamie from Tait Real Estate in Saskatoon, SK give a June Update on the market and what they've been up to for the last couple of months.
We know summer may not officially be here until June 20th, however in Saskatchewan, summer unofficially begins when the last of the ice leaves the numerous lakes across the province. We are definitely enjoying taking advantage of the warmer weather, and getting to be outside after a few months of being cooped up.
One of the most common questions we've been asked over the past few months is “how’s the real estate market been during COVID-19”. Well the answer we would have given in March and early April is very different from the answer we would give you now. In the first month after the shutdown was announced, our phones were basically silent and the emails were trickling in. However since mid April, interest from buyers looking for homes has picked up dramatically. Conversely, the number of listings are down by about...
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