Henry Moulin ABR, CRES

Saskatoon, SK | 306-221-9221 | henry@saskatoonrealestate.com

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Active Listings Continue Decline


For the seventh straight month this year, the number of active listings in the market was down year over year. At the end of August there were 2,019 active residential listings in the city of Saskatoon, a decline of 8% from a year ago. Of the active listings, approximately 1,227 are single family while just over 780 fall under condominium ownership. The decline in active listings is largely due to a decline in homes listed year over year. To date, a total of 5,875 residential properties have been listed in Saskatoon on the Multiple Listing Service® (MLS®), down 11% compared to the end of August last year. “In a slower market, one typically sees fewer speculative sellers than in a hot market” comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS® “It’s important to bear in mind that homes sell in all markets. If a seller needs to sell then they must be sure to have good advice and price to the current market conditions.” adds Yochim.

In the month of August there were 329 residential sales on the MLS®. This is on par with August of 2018 and just lightly below the five year average of 352 sales for August. Year to date there have been 2,411 residential MLS® sales in Saskatoon, of these 1,751 are single family properties, unchanged compared to the first eight months of last year. On the other hand, there were 648 condominium at the end of last month, 11% fewer than last year.

Year to date residential MLS® sales between $200 - 300,000 totaled 657 transactions, down from 707 a year ago. The number of homes that sold between $350-750,000 on the MLS® year to date was also down by just over 100 sales from 1,036 transactions in 2017. So far in 2018, a total of 41 properties have sold in excess of $750,000 in Saskatoon, on par with last year.

The Home Price Index (HPI) Value for single family residential home sales in Saskatoon increased slightly from July to $312,200. The HPI measures the change in value over time for a typical single family home with a standard set of attributes. This rate of change reports similar to the Consumer Price Index and is the most accurate indicator of home pricing. The HPI value for townhouse style residences declined for the month to $225,200, down from $234,400 in July. Benchmark pricing for apartment Style condominiums continue to decline for the eighth straight month. For more information on HPI go to saskatoonrealtors.ca . Year-to-date, the average sale price was $334,226, a 4% decrease from the same period last year. Average prices can be misleading as outlier sales can skew the average sale value one way or the other over a short period of time. This is why the median price of HPI value is a better indicator of the market.

Last month, the average home in Saskatoon took 52 days to sell in Saskatoon. The five year average for days to sell in the month of July is 50.4 days.

REALTORS® subscribe to a strict code of ethics and are dedicated to developing professional standards and continuing education in the real estate profession. This is not the case for those who sell real estate in the province and who are not members of an association of REALTORS®.

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Friday, August 31st, 2018

1st Annual Oskana Cup Tournament

Dakota Dunes Golf Links – 202 Dakota Dunes Way

Time: 10:00 am – 5:30 pm

Website: dakotadunes.ca


Breathe-911 Ryde

River Landing East – Spadina Cres E

Time: 7:30 pm

Price: Free

Website: lung.sk.ca


SIGA’s 2nd Annual Charity Pancake Breakfast

Corner of Joseph Okemasis Dr & 105 St E

Time: 7:30 – 9:30 am

Price: $5.00 per plate

Website: siga.sk.ca


Saturday, September 1st, 2018

Mick Poley: 20 Years of Hell

Broadway Theatre – 715 Broadway Ave

Time: 8:00 pm

Website: broadwaytheatre.ca


Ongoing

August 31st – September 1st, 2018

Nutrien Fireworks Festival

River Landing and Friendship Park

Time: 5:00 – 10:00 pm

Website: nutrienfireworksfestival.ca/


August 18th – October 28th, 2018

Corn Maze Fun – Viva Italia!

Saskatoon Italian Cultural & Recreational Centre – Corner of Cedar Villa Road & Hwy 7

Time: 1:00 – 8:00 pm

Website: www.saskatoonicc.com


September 1st – 7th, 2018

Le Burger Week Saskatoon

Various Restaurants in Saskatoon

Website: leburgerweek.com


August 16th – September 20th, 2018

Sisters United: Women’s Suffrage in Saskatchewan

Western Development Museum – 2610 Lorne Ave

Time: 9:00 am – 5:00 pm

Website: wdm.ca/stoon/exhibits_temp.html


August 7th - September 16th, 2018

SRHBA Parade of Homes

Time: Mon – Thurs 7 – 9 pm, Sat & Sun 2 – 5pm

Price: Free

Website: paradeofhomesonline.ca


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Buyer’s Market Continues

 

A slight decline in home sales year over year, low interest rates and stable home prices coupled with elevated inventory levels, continues to make Saskatoon an ideal market for home buyers. At the end of August there were 2,183 active listings in Saskatoon, just slightly down from the record set last month. “In the coming months, home buyers will look back with hindsight and realize how opportune the market was with all of these elements in place.” According to Jason Yochim, CEO with the Saskatoon Region Association of REALTORS® “It is only a matter of time before the market shifts as it always does.” The concern is that buyers waiting for the bottom of the market in order to make a purchase, may end up paying more when buying on the upswing.

The average home is taking approximately 55 days to sell which is the greatest number of days in the past several years. The five year average for days to sell in August is 46. Homes that have been priced relative to this market will see a sale in much less time. The sales to listing ratio compares the number of new listings against the number of sales for the month. In August, the sales to listing ratio was 41% which is consistent with the past three months. This means that for every five home listed there are two sales. The sales to listing ratio year to date was 37.7% which is down 3.5% compared to 2016. Furthermore, based on the current level of home sales, it would take between six and seven months to clear out the active listings, this is above the five year average of just over five months.

Two thirds the way through the year, Saskatoon and area saw a total of 3,344 transactions, down 5% from last year. The total number of homes listed for sale, year to date, was 9,904 which is virtually unchanged from 2016. The total dollar volume for Saskatoon and region year to date was $1,139 billion, down 9% from the same period last year. Within the Saskatoon market, the number of transactions year to date was 2,484 representing a 5% decline from the same period last year.

With lots to choose from ,the average and median price continue to show signs of slipping. The average price year to date declined by 1% to $347,414 while the median price declined by 1.5% to $329,950. Considering the challenging economy, high supply of housing and a softened demand, pricing has not been dramatically impacted so far. “Pricing of a home is one of the most important decisions in a successful sale.” Comments Yochim, “REALTORS® are the most informed when it comes to knowing the market for a specific property at a specific time.” he adds. 

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Sunday, September 3rd, 2017

Paint Nite

Hudsons – 401 21st Street East

Time: 7:00 – 9:00 pm

Website: https://www.paintnite.com

 

Ongoing

September 1st – 2nd, 2017

Potashcorp Fireworks Festival

River Landing & Friendship Park

Time: 5:00 – 10:00 pm

Website: www.potashcorpfireworksfestival.ca

 

August 30th – September 3rd, 2017

2017 Co-Op Men’s & Master Men’s Canadian Fast Pitch Championship

Bob Van Impe Stadium, Joe Gallagher Field & Glen Reeve Fields – Ave P South

Time: All Day

Website: championship.softball.ca/mens/

 

August 19th – October 29th, 2017

Corn Maze Fun!

Saskatoon Italian Cultural & Recreational Centre

Corner of Cedar Villa Road & Hwy #7

Price: General $10.00, Ages 11 – 16 $9.00, Ages 5-10 $8.00, Ages 4 & under are free. Cash or Credit

Website: saskatoonicc.com

 

August 23rd – September 3rd, 2017

Cotton Patch Gospel

Barn Playhouse

25 km North of Saskatoon on Hwy. 12

Website: https://www.barnplayhouse.com/index.html

 

June 29th – September 7th, 2017

Thursday Night Art Market

Market Square – Ave A South & 19th Street W

Time: 4:00 – 9:00 pm

Price: Free

Website: www.thursdaynightartmarket.ca

 

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Categories:   #1 Hits of the Opry | 100 Years Ago | 100th Anniversary of our Lady of Fatima | 150th Anniversary | 18th Season | 1st Annual Bunnock Tournament | 1st Annual Oskana Cup Tournament | 2016 | 2016-2017 | 2017 | 2017 17U & 18U Boys Volleyball Championship | 2017 Canada West Wrestling Championship | 2017 Canadian Junior Long Track Speed Skating Championship | 2017 Co-Op Men’s & Master Men’s Canadian Fast Pitch Championship | 2017 Knights of Columbus Indoor Games | 2017 Monster Energy PBR Canadian Finals | 2017 Provincial Gymnastics Championship | 2017 Yonex Canadian Badminton National Championships | 2018 | 2018 Flores De Mayo Fiesta | 2018 Malanka | 2018 Saskatchewan Woodturners Symposium | 2018 Winter National Diving Championships | 27th Annual Saskatoon Santa Claus Parade | 2nd Annual Christmas Craft & Gift Fair | 2nd Annual Sikh Day Parade | 2nd Ave Sidewalk Sale | 3 Fresh Ways to Add Value to Your Home | 5K Foam Fest – Canada’s #1 Fun Run | 6 Ways to Save On Paint | 80s Party Featuring Wang Chung & The Cutting Crew | A Christmas Carol | A Louisiana Hayride Christmas | A Night with the King | A Taste of Saskatchewan | A Very Vintage New Year’s Eve with Rose & The Riveters | A Victorian Sewing Circle at the Marr Residence | Abiding Lines Dance Company Presents the Girl with Kaleidoscope Eyes | Active Listings Continue Decline | African Cultural Gala | An Evening with Patsy Cline | Anastasia – Ballet Jorgen | Annual Easter Brunch | Annual Mother’s Day Brunch | April | Archives Week in Saskatoon | Are You Ready to Buy a Home? | Army Reserve Open House | Art in the Park | Artist’s Workshop Show & Sale | Artwork by Valerie Munch and Kevin Peeace | Asian Basketball Association Summer Slam 2017 | August | Avalawn Affair | Average Home Selling Price Stable | Awnings | Baby Boomers | Back of the Bus | Ballet in the Studio Performance – Canada’s Ballet Jorgen | Barra Macneils Christmas Tour 2016 | Bartari Foodtruck Wars | Be Jammin’ Oral Fuentes | Beads of Courage Color Festival Fun Run/Walk | Beck | BHP Billiton Enchanted Forest Holiday Light Tour | Bioscan 2018 | Blast in the Park! | Boom | Boom by Peter Sinn Nachtrieb | Brad Paisley | Breathe-911 Ryde | Bret Higgins’ Atlas Revolt | Broadway Goes to the Movies | Broadway in Love 3 | Broadway Street Fair | Burlesque! 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Investigations | Garage | Garage Sale | Generation X | George Canyon | Girl in the Goldfish Bowl | Global March for Elephants & Rhinos | Going Organic – What Does It Take? | Going to Graceland | Gone Wild for Wildlife | Goodnight Moon and the Runaway Bunny | Gord Bamford | Great Canadian Kilt Skate Saskatoon | Grownups Read Things They Wrote as Kids Saskatoon | Growth | Gutsy Walk for Crohn’s And Colitis | Harlem Globetrotters | Harpoon in June: A Burlesque Show | Heidi Munro | Henry Moulin | Henry Moulin & Associates | Heritage Festival of Saskatoon | Home Inventory Levels Declining | Home is a Beautiful Word | Home Listings Down Year to Date | Home Price Index | Home Price Index® | Home Sales Increase in December | Homestyles | Humboldt Broncos Tribute Concert | Ideas on Tap Presents: Small Business Branding – A Digital Marketing Bootcamp | Ideas on Tap: Building Brand Voice: The Link Between Storytelling and Marketing | Ideas on Tap: Personal Branding | Illuminate the Walls | Increase in July Home Sales | Indigenous Inclusion in the Hemp & Cannabis Industry | Indigenous Policy at a Cross-Roads | Interesting Facts | Interior Shutters | International Saskatchewan Salsa & Bachata Congress | International Symposium | Investors Group Stars on Ice Presented by Lindt | Ironwood Quartet at Ritonello 2017 | Jack Semple & Dave Chobot | Janaury | January | Jessica Robinson: An Evening with Eva | Joey Landreth | Jubilee Residences Oktoberfest Dinner and Comedy Night | July | July 17th - 22nd | June | Kevin Hart | Kids in the Kitchen (Level 2) | Know the Finishes | Kona Wanuskewin Winter Festival | Kyla in the Spring Art Show and Sale | Labels | Le Burger Week Saskatoon | Lee Aaron & Harlequin | Light the Night Walk | Lights | Lisa Leblanc | Little Peanut Craft & Gift Fair | Little Stone Schoolhouse Open House | Location Interest | Long Term Goals | Love Stinks: A Burlesque Show! | Madd Canada Information Session | Malanka – Ukrainian New Year Celebration | March | March for Science | Mardi Gras | Martha Wainwright | Master Series 3 – Homecoming | May | Measha Brueggergosman Presents Songs of Freedom | Melony Gibbs with the Maurice Drouin Orchestra | Menagerie Burlesque Ruins Your Childhood! A Burlesque Show! | Menopause the Musical | Mental Health and Addiction Services Fun Run/Walk | Mick Poley: 20 Years of Hell | Mid Winter Arts and Craft Sale | Mid-Winter Craft Show | Millennials | Mini Avengers Superhero Party | MLS | MLS® | MLS® Composite Home Price Index | MLS® Home Price Index® | MLS® Monthly Home Price Index | MLS® Monthly Home Price Index for December, 2017 | Month Stats | Monthly | Monthly Home Price Index | Monthly Stats | Mother’s Day Brunch | Mother’s Day Brunch and Dinner Buffet at the Park Town Hotel | Mother’s Day Tea Party | Mother’s Day with Mistral 5 | Movies that Matter: Latin American Film Festival | Movies that Matter: Looking for Mr. Goodbye | Movies that Matter: Murderball | Moving | Native Prairie Appreciation Week – Youth Poster Contest | Nature Journaling Workshop | Nature Needs Half | Naturecity Festival Presents Harvey Locke | Naturecity Festival | Neighbors Working Together – A Dialogue on Intensification and our Urban Heritage | Ness Creek Music Festival | Nest Secret Garden Tour | New Years in New Orleans | New Year’s Eve Celebration | Northern Lights Bluegrass and Old Tyme Music Festival | November | November Home Sales Increase | Nutrien Children’s Festival of Saskatchewan | Nutrien Fireworks Festival | Nutrien Wintershines Festival | October | Oktoberfest 2017 | Olate Dogs | Old Dominion – Happy Endings Tour | Open House | Optimist Canada Day Celebrations | Our Best to You Craft Sale | Our Collective Threads: Saskatchewan People in Canada | Our Lady of Fatima Feast | Outdoor Market & Garage Sale | Oysters and Lobsters 101 – Cooking Class | Paint Nite | Paraph | Parks Canada | Paw Patrol Live! | Peppa Pig Live! | Pets in the Park | Pion-era | Pizza Party with the Cure – Cooking Class | Policies | Pop-Up Restaurant – Global Pot Fusion Cuisine | Potashcorp Children’s Festival of Saskatchewan | Potashcorp Fireworks Festival | Potashcorp Wintershines Festival | Prairie Fire Alpacas Open House | Prairie Trio: An Evening of Sight, Sound & Taste | Prairie’s Got The Goods Week | Premier Showcase | Publishing Symposium | Pumpkin Festival at Black Fox Farm and Distillery | Race for Kids | Real Estate Agent | Real Estate Trends | Realtor | REALTORS® | REALTOR® | Research | Residential Dollar Volume Continues to Decline | Restless Gypsy Open House | Rise & Shine: A Morning of Music with Women of Canadian Country | Ritornello Festival 10! | River Safety Day | Robbie Burns Night | Rock 102 Show & Shine Weekend | Rock the River | Rock the River Cup Bonspiel | Rock This Town with the Toon Town Big Band | Rockridge Gospel Music Festival | Royal Canadian Circus “Under the Big Top” | Ryde the Hangar | Salute to Vienna New Year’s Concert | Sarah Slean | Saskatchewan Blue Cross MS Walk | Saskatchewan Equine Expo | Saskatchewan Marathon | Saskatchewan Rush VS Buffalo Bandits | Saskatchewan Rush VS Calgary Roughnecks | Saskatchewan Rush VS Colorado Mammoth | Saskatchewan Rush VS Toronto Rock | Saskatchewan Rush VS Vancouver Stealth | Saskatoon | Saskatoon Blades | Saskatoon Blades VS Brandon Wheat Kings | Saskatoon Blades VS Calgary Hitmen | Saskatoon Blades VS Edmonton Oil Kings | Saskatoon Blades VS Kamloops Blazers | Saskatoon Blades VS Kelowna Rockets | Saskatoon Blades VS Kootenay Ice | Saskatoon Blades VS Lethbridge Hurricanes | Saskatoon Blades VS Medicine Hat Tigers | Saskatoon Blades VS Moose Jaw Warriors | Saskatoon Blades VS Prince Albert Raiders | Saskatoon Blades VS Prince George Cougars | Saskatoon Blades VS Red Deer Rebels | Saskatoon Blades VS Regina Pats | Saskatoon Blues Festival Presented by Cherry Insurance | Saskatoon Brass Band in Concert | Saskatoon Brewery & Tasting Tours | Saskatoon Events | Saskatoon Farm Toy & Collectable Show | Saskatoon Home Market | Saskatoon Jane’s Walks | Saskatoon Makerspace BBQ with Fab Labs Nation | Saskatoon Mini Maker Faire 2018 | Saskatoon Opera Presents La Boheme | Saskatoon Pet Expo 2017 | Saskatoon Potters Guild Spring Show and Sale! | Saskatoon Pride Festival | Saskatoon Public Library – Knowlympics | Saskatoon Reggae World Music Festival | Saskatoon Region Association of REALTORS® | Saskatoon Region Association of REALTORS®. | Saskatoon River Rendezvous 150 Festival | Saskatoon Rush | Saskatoon Speed Dating Singles 34 – 45 | Saskatoon Sports and Leisure Show | SaskatoonRealEstate | SaskatoonRealEstate.com | SaskTel Saskatchewan Jazz Festival | School Garden Summit | Science Rendezvous | Scott Cook | SCRC Kilobots | Scribble Bots with the Saskatchewan Science Centre | Sellers | September | September Home Sales Decline | Serena Ryder | Shades of Psych II | Shakespeare on the Saskatchewan | Shane Koyczan | Shania Twain | Sharp Tailed Grouse Dance | Shopping for the Season Fundraiser | SIGA’s 2nd Annual Charity Pancake Breakfast | Sisters United: Women’s Suffrage in Saskatchewan | SJO: Changing Seasons 2017 Featuring Mark Fewer | Slow Food in Canada 2018 Summit | Soul to Sole Retreat | Special Olympics Saskatchewan Truck Convoy and Truck Pul | Spidey – Make Believe: Magic of your Mind | Spirit Wrestler by Greg Nelson | Spring | Spring Home Sales Show Positive Increase | SRHBA Parade of Homes | SSO 9 and 3/4S – Music of Harry Potter | SSO A Mass for Peace | SSO National Arts Centre Orchestra | SSO Presents Mozart Festival | SSO Presents the Music of Star Wars | SSO Season Finale with Gryphon Trio | SSO Stardust – The Music of Bowie | SSO Sunday Chamber Concert: Building Bridges | SSO Tanya Tagaq | SSO The Music of Joni Mitchell | SSO – Handel’s Messiah and Sing-Along Messiah | Summer | Summer Carnival | Super Bowl Sunday Party at Finn’s Irish Pub | Supplies | Susan Hunchuk | Sustainable Development | Synchronized Swimming Watershow | Taste of Saskatchewan | The 2018 Saskatoon Gem & Mineral Show | The 5 Year Rule | The Beaux’ Stratagem by George Farquhar | The Berry Barn’s Haunted House | The Dears | The Deep South – Cooking Class | The Eisenhauers | The Great Big Boo! | The Great Canadian Sleepwalk | The Icons | The Little Mermaid the Musical | The Long Weekend | The Marr Residence Music in the Garden | The Mavericks | The SJO Plays Stans Getz | The Steadies – Free Show: Finn’s Irish Pub 15th Birthday Presented by District Brewing | The Walk to Fight Arthritis | The White Buffalo | The Wizard of Oz | Thingstodo | This is That Live! | Three Plays by Don Nigro | Thursday Night Art Market | Tim McGraw & Faith Hill: Soul 2 Soul World Tour | Tips for Your Household | Tips to Help | Top of the Hops | Top of the Hops – Grapes and Grains | U of S Huskies | U of S Huskies Basketball VS Alberta | U of S Huskies Basketball VS Regina Cougars | U of S Huskies Basketball VS Trinity Western Spartans | U of S Huskies Football VS Alberta Golden Bears | U of S Huskies Football VS Regina Rams | U of S Huskies Football VS UBC Thunderbirds | U of S Huskies Men’s Hockey VS Alberta Golden Bears | U of S Huskies Men’s Hockey VS Calgary Dinos | U of S Huskies Men’s Hockey VS Manitoba Bisons | U of S Huskies Men’s Hockey VS Mount Royal Cougars | U of S Huskies Volleyball VS Calgary Dinos | U of S Huskies Volleyball VS Macewan Griffins | U of S Huskies Volleyball VS Regina Cougars | U of S Huskies Volleyball VS Trinity Western Spartans | U of S Huskies Volleyball VS Tru Wolfpack | U of S Huskies Volleyball VS UBC Okanagan Heat | U of S Huskies Women’s Hockey VS Alberta Pandas | U of S Huskies Women’s Hockey VS Lethbridge Pronghorns | U of S Huskies Women’s Hockey VS Manitoba Bisons | U of S Huskies Women’s Hockey VS UBC Thunderbirds | Ukrainian Christmas Buffet | USask Improv’s International University Improv Festival | Using a Primer | Valentine Extravaganza – Team Diabetes Fundraiser | Valentine’s Wine and Appetizer Tasting | Vancouver International Mountain Film Festival Tour | Vegas Vacation a Rez Xmas Story (Remount) | Vesna Festival | Warm Your Heart for Diabetes! 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Henry Moulin

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Cell: 306-221-9221

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345 4th Ave South

Saskatoon,SK S7K 1N3

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