Average Saskatoon Home Sale Price Up 10% in One Month

Written by Marc on May 5th, 2007

The average sale price of a home in Saskatoon jumps 10% in the past month.  The average sale price for a home jumped from $200,938 CDN in March to $220,862 CDN in April.

This return brings the return on real estate in Saskatoon to an annualized 32%.

The price increase is mainly due to an increased demand of local buyers purchasing bigger houses, ex-Saskatchewan residents moving back to the province, and interest from investors in western Canada.

Asking price has increased 26% on FSBO (for sale by owner) website saskhouses.com.  The average listing price for April 2007 was $243,343 CDN compared to April 2006 average of $192,853 CDN.

 

Note:  The average sale price of a home is affected by both the number of homes sold and the sale price.  For example, if a few highly priced homes are sold in a month, it can skew the numbers upward.  Bear in mind it is an average and does not give you any indication of what the number and values of homes were sold.

Read more articles on Saskatoon Real Estate.

One Response to “Average Saskatoon Home Sale Price Up 10% in One Month”

  1. Wasn’t this a great time in Saskatoon? A hectic time as well, home prices soaring uncontrollably.

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