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 …

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