Henry Moulin ABR, CRES

345 4th Avenue South #210 Saskatoon, SK S7K 1N3 |
306-221-9221 | henry@saskatoonrealestate.com

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Average Home Sale Price Declining

Year to date the average price of $332,700 for a home in Saskatoon represents a decline of 4% from a year ago. By comparison in the past three years, the third quarter average price was $347,165 in 2017 and $352,103 in 2016. Although much focus in real estate is on the average price, the average can be misleading and is easily skewed. A better indicator of what is happening with home prices is the Home Price Index. The Home Price Index establishes attributes for a typical single family home with a base value in 2005. From that starting point, changes in value are recorded over time to get a better sense of what is happening to pricing and where prices are trending. The value for the typical single family home in January of 2005 was $140,400. This value reached its peak in May of 2015 at $329,500. Currently this value is at $312,200 which is the highest level for 2018 and is virtually unchanged from a month earlier. The Benchmark price for a typical Townhouse style property in Saskatoon was $219,700 last month, this is the lowest point since April of 2007 when the value was $205,300. For apartment style properties, the Benchmark value of $176,200 in September was the first increase since December of 2007 when the value was at $190,600. For more information on HPI go to saskatoonrealtors.ca 


Active listings in Saskatoon continued to shrink with year over year decline of 7%. In Saskatoon at the end of September there were 1,944 active listings compared to 2,082 a year ago. Active listings are higher in the region surrounding the city which includes the cities of Martensville and Warman. At the end of September there were 1,161 available properties compared to 1,086 for the surrounding area. The decline in available properties is mostly attributable to an overall decline in new listings coming on the market. Year to date, there were 6,521 properties listed in the city of Saskatoon, a decline of 11% compared to 2017. In the month of September, there were 648 new listings in Saskatoon. By comparison in September of 2017 there were 767 new listings and 779 in 2016. “It seems that sellers who are not highly motivated are choosing to wait until conditions are more favourable to sell.” Comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®. “Currently we are in a buyers market with elevated levels of inventory and downward trending prices for most properties.” He adds.


In the month of September there were 268 residential sales on the MLS®. This is similar to September of 2017. The total number of sales for the first three quarters of 2018 was 2,679, a 5% decline from last year. By comparison, in the first three months of 2016, there were 2,935 sales in the city of Saskatoon.

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Friday, October 20th, 2017

Deep Dark Woods

Broadway Theatre – 715 Broadway Ave

Time: 8:00 pm

Website: https://broadwaytheatre.ca/events?p=event&event=3904

 

Jubilee Residences Oktoberfest Dinner and Comedy Night

German Cultural Centre – 160 Cartwright St E

Time: 6:00 – 10:00 pm

Price: $125.00

 

U of S Huskies Volleyball VS Trinity Western Spartans

Physical Activity Complex – 87 Campus Drive

Time: Women – 6:00 pm, Men – 8:00 pm

Price: Adult - $13.00, Youth - $7.00

Website: huskies.usask.ca

 

Wide Mouth Mason – Rockin’ for the Noggin’

O’Briens Event Centre – 241 2nd Ave S

Time: 7:00 pm

Price: $40.00

Website: https://www.myshowpass.com/l/cfe735dd/

 

U of S Huskies Women’s Hockey VS Manitoba Bisons

Rutherford Rink – 69 Campus Drive

Time: 7:00 pm

Price: Adult - $13.00, Youth - $7.00

Website: huskies.usask.ca

 

Saturday, October 21st, 2017

Be Jammin’ Oral Fuentes

Finn’s Irish Pub – Park Town Hotel – 924 Spadina Cres E

Time: 7:00 pm

Price: Free

Website: www.parktownhotel.com/blog/page/finns-irish-pub

 

G.H.O.S.T. Investigations

Breakout Escape Rooms – 805-48th St

Time: 10:00 am – 2:00 pm

Price: $150.00 per team

 

Martha Wainwright

Broadway Theatre – 715 Broadway Ave

Time: 8:00 pm

Website: broadwaytheatre.ca/events

 

The Mavericks

TCU Place – 35-22nd Street East

Time: 8:30 pm

Price: $52.50 - $62.50 + service charges

Website: https://tcutickets.ca/Online/mavericks

 

U of S Huskies Volleyball VS Trinity Western Spartans

Physical Activity Complex – 87 Campus Drive

Time: Women – 4:00 pm, Men – 6:00 pm

Price: Adult - $13.00, Youth - $7.00

Website: huskies.usask.ca

 

U of S Huskies Women’s Hockey VS Manitoba Bisons

Rutherford Rink – 69 Campus Drive

Time: 5:00 pm

Price: Adult - $13.00, Youth - $7.00

Website: huskies.usask.ca

 

Monday, October 23rd, 2017

Shane Koyczan

Broadway Theatre – 715 Broadway Ave

Time: 8:00 pm

Website: https://broadwaytheatre.ca/events?p=event&event=3879

 

SSO National Arts Centre Orchestra

TCU Place – 35-22nd St E

Time: $7:30 pm

Price: $30.00 - $50.00

Website: saskatoonsymphony.org/event/national-arts-centre-orchestra/

 

Ongoing

October 20th – 21st, 2017

2017 Monster Energy PBR Canadian Finals

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:30 pm

Price: $25.00 - $75.00

Website: www.sasktelcentre.com

 

October 11th – 21st, 2017

Girl in the Goldfish Bowl

Greystone Theatre – John Mitchell Building, 118 Science Place

Time: 8:00 pm

Price: Adult - $22.00, Senior - $19.00, Student - $17.00

Website: artsandscience.usask.ca/drama/greystone/greystone-theatre.php

 

October 12th – 31st, 2017

The Berry Barn’s Haunted House

Berry Barn – 830 Valley Road

Time: 11:00 am – 8:00 pm

Price: Family - $10.00, Adults - $5.00

Website: https://www.berrybarn.ca/

 

October 20th – 21st, 2017

The Great Big Boo!

Scotiabank Theatre – 347-2nd Ave S

Price: $22.00 per person

Website: www.thegreatbigboo.com/

 

 

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Henry Moulin - Coldwell Banker Signature

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Phone: 306-221-9221

345 4th Avenue South #210

Saskatoon, SK S7K 1N3

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