Happy New Year everyone! I’m sure we aren’t the only ones who are happy to welcome 2021 with open arms.


In our last market update we predicted that early 2021 would bring reduced inventories and a strong sellers market in Saskatoon. We want to share with you, if our predictions were right and what this means to you as a buyer or seller.


Sales in December


We ended 2020 with a very strong month in the Saskatoon Real Estate Market. There were 274 home sales in December, which means that sales were up 35% for the month compared to December of 2019, which only saw 203 home sales. That’s 71 more sales during this time.


December Saskatoon Real Estate Stats


In December, we also saw 347 new listings posted to the MLS, which means listings were up 14% for the month compared to December of 2019, which only saw 304 listings posted.


The average sale price in Saskatoon right now is $345,358 which is up 3.4% compared to December 2019.


As we predicted in our last market update, inventories are at an all time low. Back in December, we predicted...

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We’ve made it to the last month of 2020, and what a crazy year it has been. Looking back over the last 12 months it feels like we’ve been on a crazy roller coaster ride. This is especially true when you review the past year in the Saskatoon real estate market.


2020 started out pretty strong from January through March and then when COVID-19 hit in April, it felt like the market came to a standstill. At that time, we weren’t sure what the rest of the year in real estate might look like in Saskatoon.


After another slow month in May, I don’t think either of us could have predicted the rocket-like trajectory the market would take for the rest of the year.


The month of June kicked off the strong market in Saskatoon and it continued to get stronger each month after that. Our monthly sales were consistently and significantly higher in comparison to the sales in 2019.


This past month was no exception. There were 358 sales in November 2020 compared to 243 sales in November...

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With the cooler temperatures outside, you would normally expect to see the real estate market cool off...but that is not what we saw this past month.


In October we saw 430 home sales, which is a super high number for this time of year. This is actually the same number of sales we saw in September.


430 Home Sales


Historically at this time of year, things begin to wind down, social activities begin, and the market starts to cool off. For example, in October of 2019, we only saw 307 home sales. So that means for this October we are up 41.5% in homes sales compared to last year.


We commonly hear from clients that they think they should wait until spring to get their home on the market...but we want to show you why we think December is actually a great month to sell your home.


To prove our point, we wanted to collect some historical, end of the year data...and after digging around a bit, we found a trend that we had to share.


Sales to listings ratio


We went back a few years, and decided to look at sales to listings ratios. Sales to...

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September Saskatoon Real Estate Market Update


After three months of an extremely HOT real estate market in Saskatoon, we are cautiously optimistic that this upward trend may now be here to stay for a while. We want to share why we think this means it's the perfect time to sell your home in Saskatoon, and what you need to know about the real estate market right now as a buyer.


Saskatoon Hot Real Estate Market Update


As the summer began, after the first initial shock of COVID-19, we started to see the real estate market heat up. At that time, we both thought that the increase may have been just an initial reaction to the pandemic, and that these conditions might not last very long.


However it looks like it might not be as short term as we initially thought. Sales volumes and average sales prices have steadily increased and home inventories have continued to stay low.


Home sales and prices have increased


In June, home sales were up +37%, and then in July they were up +41% and now once again in August they are up +41.9% for the month and +8.84% for the year. This past...

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The Saskatoon Real Estate Market is HOT!


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:


Sales Volumes are Up



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...

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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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