In February 2024, the Saskatoon real estate market showed significant activity, with some notable trends in sales, listings, and average sale prices.

Sales Volume

Compared to the previous year, sales saw a substantial increase both for the month and year-to-date (YTD), with a 22% rise. Specifically, there were 309 properties sold, marking an increase of 56 units or 22% over the 253 sales recorded during the same period last year.

Inventory

The market had a total of 548 active MLS listings. The number of new listings in Saskatoon also experienced a slight change, totaling 434 for the month. This represents a modest 2% increase from the previous February, which had 426 new listings. However, when looking at the year-to-date figures, there's a slight decrease of 5%, indicating a mixed trend in new market entrants.

Average Price

The average sale price for homes in Saskatoon during February 2024 was $366,485, which is a 2.8% increase from the $356,597 average sale price recorded in February of the previous year. Moreover, the year-to-date average sale price showed more substantial growth, reaching $374,787. This marks a 6.3% increase from the $352,601 average in February 2023, showcasing a healthy appreciation in property values over the year.

Summary

Overall, the Saskatoon real estate market in February 2024 demonstrated robust sales growth and a slight increase in new listings, alongside a notable rise in average sale prices both monthly and year-to-date, reflecting a positive trend for the local real estate landscape.

Saskatoon Real Estate Market Statistics at a glance:

Active Listings: 548

Sales Increase: +22% (Month and YTD)

Sold Properties: 309

Comparison to Last Year: +56 units sold

New Listings: 434, up 2% for the Month and down 5% YTD

Average Sale Price (YTD): $374,787, up 6.3% from last year

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

Jamie Tait
📞 Phone: 306-203-0004
📧 Email: jtait@realtyexecutives.com

Ross Tait
📞 Phone: 306-230-2338
📧 Email: rtait@realtyexecutives.com

Selling your home in Saskatoon? Let's make it simple and successful. Here's how Tait Real Estate - Realty Executives Saskatoon has got your back:

Insightful Advice: Selling a home in Saskatoon isn't just about putting a "For Sale" sign up. We'll walk through your home together, highlighting what makes it unique and suggesting a few tweaks (like maybe a new coat of paint or decluttering) to make it irresistible to buyers. And, with Jamie's background in construction and Ross's years in renovations, we know just what will make your home shine.

Spot-On Pricing: Price it right, and it sells. Price it wrong, and it sits. We're all about getting it just right. We'll do a deep dive into the Saskatoon market and evaluate similar homes to find that sweet spot for your home’s price. This isn't about guessing; it's about smart, informed decisions.

Marketing Magic: We don’t just list your home; we market it. That means professional photos that make your home look its best, plus using every tool in our kit - from our website to social media - to get your home the attention it deserves. More than just the MLS, we're talking a full-blown marketing approach.

Communication Champions: Selling a home in Saskatoon can feel like a rollercoaster, but we’re here to keep you in the loop and make it stress-free. Expect regular updates, transparent feedback, and a partnership approach. We’re in this together!

Negotiation Ninjas: We’re here to fight for the best deal for you. Every aspect of your sale is up for negotiation, and we won’t shy away from getting you the terms that work best for you. We're your advocates, always.

Seamless Closing: When it's time to close, we're all about the details. We coordinate everything, making sure the final steps are smooth and hassle-free. Think of us as your closing superheroes, taking care of the nitty-gritty so you don't have to.

In Conclusion:

With Tait Real Estate - Realty Executives Saskatoon, you’re not just selling a house in Saskatoon; you’re setting yourself up for success with a local team that values honesty, professionalism, and your needs first.

Ready to start? Let’s chat about your home in Saskatoon with a free market evaluation. Contact us today!

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟
Saskatoon's Premier Real Estate Experts

Jamie Tait
📞 Phone: 306-203-0004
📧 Email: jtait@realtyexecutives.com

Ross Tait
📞 Phone: 306-230-2338
📧 Email: rtait@realtyexecutives.com

🌐 Website: www.taitrealestate.ca

Reach out today and let's make your property dreams a reality in the heart of Canada!

Saskatoon, often dubbed the "Paris of the Prairies," is a charming city in Saskatchewan, Canada. While its beauty, culture, and community spirit are undeniable, real estate statistics also paint an appealing picture. Here are the top 10 reasons why Saskatoon is the best place to live in Canada based on real estate:

1. Affordability: According to the Canadian Real Estate Association (CREA), Saskatoon has some of the most affordable home prices in Canada, especially when compared to cities like Vancouver, Toronto, and Calgary.

2. Stable Market: While some Canadian cities have experienced volatile real estate markets, Saskatoon's market has remained relatively stable. This means fewer housing bubbles and more predictability for buyers and sellers.

3. Growing City, Growing Opportunity: Saskatoon is one of the fastest-growing cities in Canada. As the city expands, new housing developments and neighborhoods are sprouting up, offering diverse living options.

4. Low Property Taxes: Compared to other major cities, Saskatoon boasts lower property taxes, which can save homeowners thousands over the life of their mortgage.

5. Balance of Urban and Natural Beauty: Saskatoon offers a mix of modern urban development and natural beauty. The city is divided by the South Saskatchewan River, offering numerous waterfront properties and scenic views.

6. Investment Potential: With a strong economy driven by industries such as mining, agriculture, and education, Saskatoon's real estate offers promising returns on investment.

7. Ample Land Availability: Unlike cities constrained by mountains or oceans, Saskatoon has ample land, which means more housing options, larger plots, and room for the city to grow.

8. Diverse Housing Options: From condos in the heart of the city to large family homes in suburban neighborhoods, Saskatoon caters to a variety of lifestyles and budgets.

9. Green Initiatives: Saskatoon has embraced sustainability with various eco-friendly developments, green building initiatives, and environmentally conscious city planning.

10. Sense of Community: Many residents and real estate agents often talk about Saskatoon's tight-knit community. This community spirit translates into neighborhoods that people care about, with residents investing time and money into their properties and their surroundings.

In conclusion, while many factors make a city desirable, Saskatoon's real estate stats bolster the argument for it being one of the best places to live in Canada. Whether you're looking for a great investment or a great place to call home, Saskatoon has a lot to offer.

Contact us if you have any questions about buying or selling in Saskatoon. 

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟
Saskatoon's Premier Real Estate Experts

Jamie Tait
📞 Phone: 306-203-0004
📧 Email: jtait@realtyexecutives.com

Ross Tait
📞 Phone: 306-230-2338
📧 Email: rtait@realtyexecutives.com

🌐 Website: www.taitrealestate.ca

Reach out today and let's make your property dreams a reality in the heart of Canada!