Saskatoon Real Estate Prices Up 56% Over Last August

Written by Marc on September 12th, 2007

Numbers have come in the the past week for real estate sales in August in Saskatoon.  The average price rose to $253,240 from $161,921 just one year ago.  This number is slightly higher than July and a new record for the city.

This trend is expected to continue into the fall when residents try to move into their new houses before the snowfall.  Also, with the continued interest from out of town investors, many realtors expect the housing prices to continue on their upward trend.

How does this benefit you?

If you are a real estate flipper, you can see increased returns on your investment.  It is also a great time to get rid of some of your poor performing investment properties and sell them at a premium.

As a investment buyer, don’t get caught up in the hype.  Remember to leave your emotions at home and make decisions based on the numbers – this way you will ensure that your property puts money in your pocket.

Read more articles on Saskatoon Real Estate.

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