Henry Moulin ABR, CRES

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

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February listings drop, sales rise in Saskatoon region

Despite the very cold temperatures in February, Saskatoon and region home sellers found a little warmth as new listings dropped seven per cent and sales rose six per cent. The Saskatoon Region Association of REALTORS® (SRAR) reported 731 homes were listed, down from 783 in the same month of last year, while sales rose to 296 from 280. The dollar volume of homes sold through the Multiple Listing Service (MLS®) rose four per cent, to $95.8 million from $92.4 million. Year to date, listings dropped seven per cent to 1,591, sales were up one per cent to 570, and the dollar volume was down a marginal one per cent to $180.8 million.


Excluding the region, new Saskatoon listings were down 8.6 per cent in February to 478 — the fewest since 2013 — while sales held steady with last year, rising by one to 211. Months of inventory dropped to 6.7 from 7.5 last February. City homes listed to date in 2019, at 1,033, are at their lowest level in nine years. February statistics indicate a change in a market that has been declining for four years. “Sales have stabilized somewhat, and inventory levels are coming down,” said Jason Yochim, CEO of SRAR. “As an optimist, I believe and hope it will continue. However, people have to be confident that the economy is improving before committing to the purchase of a home.”


He noted that while some sectors of the economy, such as potash mining, are doing well, others are less robust.

“It’s not that people aren’t working; they are. But they won’t upgrade unless they have confidence in their situations.”

The average price in Saskatoon also recovered slightly to $338,268, up 2.3 per cent from last February. Yochim cautioned that average prices can be misleading, because the basket of sales in any given month can be very different from another. For example, if two or three high-priced homes sell, that can significantly skew the average.

A better gauge, said Yochim, is the Home Price Index (HPI), which tracks prices over time based on a benchmark determined 15 years ago.


Saskatoon’s overall HPI, including apartment-style condos, was $282,600 last month, down three per cent from last year. The most expensive category, two-storey single-family homes, was down one per cent at $356,000.

Saskatoon remains a buyers’ market, with a sales-to-listing ratio of 44; but the ratio has risen from 34 in January, for a year-to-date ratio of 40. A ratio of 50 is a balanced market, while a ratio of 60 denotes a sellers’ market.

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Friday, February 9th, 2018

WWE Live Road to Wrestlemania

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:30 pm

Price: $20.00 - $110 + service charges

Website: sasktelcentre.com

 

U of S Huskies Men’s Hockey VS Mount Royal Cougars

Rutherford Rink – 69 Campus Drive

Time: 7:00 pm

Price: Adults - $13.00, Youth - $7.00

Website: huskies.usask.ca

 

Love Stinks: A Burlesque Show!

Persephone Theatre – 100 Spadina Cres E

Time: 7:00 pm

Price: $20.00 in Advance, $25.00 at the Door

Website: menagerieburlesque.com

Saturday, February 10th, 2018

U of S Huskies Men’s Hockey VS Mount Royal Cougars

Rutherford Rink – 69 Campus Drive

Time: 7:00 pm

Price: Adults - $13.00, Youth - $7.00

Website: huskies.usask.ca

 

SSO A Mass for Peace

TCU Place – 35-22nd St E

Time: 7:30 pm

Price: $15.00 - $85.00

Website: saskatoonsymphony.org/event/masters-4-mass-for-peace/

 

Saskatoon Blades VS Prince Albert Raiders

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

Kona Wanuskewin Winter Festival

Wanuskewin Heritage Park – RR 4, Penner Rd

Time: 11:00 am – 7:00 pm

Price: Free

Website: https://wanuskewin.com/visit/events-calendar/kona-wanuskewin-winter-festival/

 

Sunday, February 11th, 2018

Saskatoon Blades VS Regina Pats

SaskTel Centre – 101-3515 Thatcher Ave

Time: 4:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

Diamond Girls

Grace Westminster United Church – 505-10th St E

Time: 7:00 pm

Price: $20.00

Website: www.menageriepro.weebly.com

 

Ongoing

February 8th – 10th, 2018

USask Improv’s International University Improv Festival

Quance Theatre – Education Building – 28 Campus Dr

Time: 7:30 – 9:00 pm

Website: usaskimprov.com

 

February 8th – 17th, 2018

The Long Weekend

German Cultural Centre – 160 Cartwright St E

Price: $50.00

Website: saskgerman.com

 

February 7th – 17th, 2018

The Beaux’ Stratagem by George Farquhar

Greystone Theatre – John Mitchell Building – 118 Science Place

Time: 8:00 pm

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

Website: https://www.facebook.com/events/183170862435233/

 

February 10th – 11th, 2018

Broadway Goes to the Movies

The Bassment – B3 202-4th Ave N

Time: 8:00 pm & 2:00 pm

Price: $23.00 - $28.00

Website: www.saskatoonsummerplayers.ca/

 

February 9th – 11th, 2018

Bioscan 2018

W.P. Thompson Building – 112 Science Place

Time: 9:00 am – 3:00pm

Price: $5.00 per person, $50.00 School Groups

Website: https://www.facebook.com/usaskbioclub/

 

February 4th – 10th, 2018

Archives Week in Saskatoon

Western Development Museum – 2610 Lorne Ave

Time: 12:00 – 9:00 pm

Price: Free

Website: www.scaa.sk.ca

 

 

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Positive Indicators in Saskatoon Home Market

Year to date, the Saskatoon home market shows positive signs in a few of the key indicators. “There are a few key statistics that we watch ever month to get a sense of where our market is at and where it may be headed” according to Jason Yochim, CEO of the Saskatoon Region Association of REALTORS® .“We keep a close eye on the number of transactions, the inventory levels and the change in pricing.” He adds. 

Year to date home sales are up 4% over 2016 with 558 unit sales. This is comparable to the number of home sales in 2015. The total dollar volume for those sales was just over $186 million, representing a 2% increase over last year. At the end of February, the inventory level for available residential property on the MLS® system in Saskatoon was 1,659 units, 5.4% lower than last year. The lower inventory levels are largely due to a significant drop in the number of new listings added to the MLS® system. So far this year there have been 1,337 new listings in the system compared to 1,410 last year. When comparing new listings for the last month, there were 15.7% fewer properties added to the market this past February than last February. 

A decline in new listings coupled with an increase in sales resulted in a sales-to-listing ratio of 37.4%in February. This is a significant increase from last February where this ratio was 30.9%. A market with a sales-to-listing ratio below 40% is considered to be a solid buyers market. This indicates a positive move towards a more balanced market. “Although we are seeing these positive indicators quite early on, these statistics indicate a shift in the marketplace in a positive direction,” comments Yochim. 

Home prices remain relatively unchanged year to date with the average price down a mere 0.7% to just under $340,000. The median price of $320,000 represents a slight drop of 1.6% year over year. The Home Price Index (HPI) is considered to be the most accurate measure of home values and where the market prices are trending. The HPI composite price is an aggregate of various residential home types in a particular market and is a measurement of change in value over time. A composite value was established with a base year and has been indexed on a monthly basis. The composite value in February was $297,900 representing a 1.2% decrease from a year ago. This value had been on a downward trend since mid-2016 which is not surprising considering elevated inventory levels through the year and a buyers market. 

The average number of days for a home to sell in Saskatoon was 54 days. This is only slightly longer than in 2016 with an average of 52 days. Because today's real estate buyers are well educated on the market, homes are selling at 97% of their asking price which is consistent with last year. 

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Friday, February 24, 2017

U of S Huskies Volleyball VS Tru Wolfpack

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

 

Saskatoon Blades VS Prince Albert Raiders

SaskTel Centre – 101-3515 Thatcher Ave

Time: Starting at 7:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

Joey Landreth

The Bassment – B3 202-4th Ave N

Time: 8:00 pm

Website: thebassment.ca

 

Saturday, February 25th, 2017

U of S Huskies Volleyball VS Tru Wolfpack

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

 

SSO Presents Sibelius Symphony No.5

TCU Place – 35 -22nd St E

Time: 7:30 pm

Price: $15.00 - $66.00

Website: saskatoonsymphony.org/event/sibelius-symphony-5/

 

Saskatchewan Rush VS Calgary Roughnecks

SaskTel Centre – 101-3515 Thatcher Ave

Time: Starting at 7:30 pm

Price: $25.00 - $69.00

Website: www.saskrush.com

 

Mardi Gras

St. Anne’s Parish Hall – 217 Lenore Drive

Time: Cocktails start at 6:30 pm

Price: $75.00 ($50.00 tax receipt)

Website:  saintannes.ca/mardi-gras-saturday-february-25th

 

Sunday, February 26th, 2017

Saskatoon Blades VS Moose Jaw Warriors

SaskTel Centre – 101-3515 Thatcher Ave

Time: Starting at 4:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

Mid Winter Arts and Craft Sale

German Cultural Centre – 160 Cartwright St E

Time: 10:00 am – 4:00 pm

Price: Free

Website: saskgerman.com

 

 

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Friday, February 17th, 2017

Culture in the Kitchen – Germany Meets Vietnam

Marion M. Graham Collegiate – 602 Lenore Drive

Time: 6:30 pm – 9:30 pm

Price: $20.00 per person

Website: www.saskgermancouncil.org/

 

Saturday, February 18th, 2017

Saskatchewan Rush VS Colorado Mammoth

SaskTel Centre – 101-3515 Thatcher Ave

Time: Starting at 7:30 pm

Price: $25.00 - $69.00

Website: www.saskrush.com

 

Monday, February 20th, 2017

Measha Brueggergosman Presents Songs of Freedom

Broadway Theatre – 715 Broadway Ave

Time: 7:30 pm

Website: broadwaytheatre.ca

 

Ongoing

February 16th – 19th, 2017

Saskatchewan Equine Expo

Prairieland Park – 503 Ruth Street W

Time: 9:00 am – 9:00 pm

Website: www.saskatchewanequineexpo.com

 

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Friday, February 10th, 2017

Saskatoon Blades VS Moose Jaw Warriors

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

U of S Huskies Volleyball VS Calgary Dinos

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

 

U of S Huskies Women’s Hockey VS Lethbridge Pronghorns

Rutherford Rink – 69 Campus Drive

Time: Starting at 7:00 pm

Price: Adult - $13.00, Youth - $7.00

Website: huskies.usask.ca

 

Saturday, February 11th, 2017

Ballet in the Studio Performance – Canada’s Ballet Jorgen

The DSI Centre – 205A Pacific Ave

Time: 7:30 pm – 9:00 pm

Price: Student - $15.00, General - $20.00

Website: www.balletjorgencanada.ca/index.cfm?pagepath=Events_Calendar/BITS_Saskatoon&id=79668

 

Crossmount Princess Ball

The Glen at Crossmount - #10 Glen Road

Time: 4:00 pm – 8:00 pm

Price: $100 for 1 child and 1 adult

Website: theglenatcrossmount.ca/program/princessball/

 

Saskatoon Blades VS Brandon Wheat Kings

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

U of S Huskies Volleyball VS Calgary Dinos

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

 

U of S Huskies Women’s Hockey VS Lethbridge Pronghorns

Rutherford Rink – 69 Campus Drive

Time: Starting at 7:00 pm

Price: Adult - $13.00, Youth - $7.00

Website: huskies.usask.ca

 

Valentine Extravaganza – Team Diabetes Fundraiser

St. Patrick’s Parish Centre – 3339 Centennial Drive

Time: 10:00 am – 4:00 pm

Price: $10.00

 

Monday, February 13th, 2017

Warm Your Heart for Diabetes!

Boffins Public House – Innovation Place 106 – 111

Time: 5:30 pm

Price: $100

Website: diabetes.ca

 

Tuesday, February 14th, 2017

Valentine’s Wine and Appetizer Tasting

The Bassment – B3 202 4th Ave N

Time: Doors Open at 7:30pm, Tastings and Music 8:00 pm

Website: thebassment.ca/event/wine-appetizers-song/

 

Ongoing

February 10th – 11th, 2017

2017 Canada West Wrestling Championship

Education Gym – 58 Campus Drive

Time: All Day

Website: www.huskies.usask.ca

 

February 11th – 12th, 2017

Broadway in Love 3

The Bassment – B3 202 4th Ave N

Time: February 11th – 8:00 pm, February 12th – 2:00 pm

Price: $22.00 - $27.00

Website: https://apps.vendini.com/ticket-software.html?t=tix&e=79051ecefef8cb183fecd2ce0367ab73

 

February 11th – 12th, 2017

This is That Live!

Broadway Theatre – 715 Broadway Ave

Time: 8:00 pm

Website: broadwaytheatre.ca

 

 

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Phone: 306-221-9221

345 4th Avenue South #210

Saskatoon, SK S7K 1N3

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