Henry Moulin ABR, CRES

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

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Increase in July Home Sales 

The month of July saw a significant increase of over 25% in the year-over-year Multiple Listing Service® (MLS®) sales activity with a total of 390 unit sales in the month. This compares with 310 transactions in July of 2017. Total MLS® transactions for Saskatoon year to date was down 3.3% with 2,082 home sales compared to 2,152 to the end of July 2017. 


“Although one month does not constitute a trend, it is very encouraging to see such a significant increase in activity during a month when many buyers typically leave town on vacation” comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®. Other positive indicators are a decline in the number of new MLS® listings coming on to the market. 


A total of 710 new MLS® listings in July represented a decrease of 10% over last year and well below the five year average of 830 listings. Fewer new listings combined with an increase in sales reduced the number of active listings from 2,109 in June to 2,048 at the end of July. The five year average for active MLS® listings is 1,977 units. “Lower inventory levels will help move the market from a buyer’s market towards balance and stabilize home prices.” adds Yochim.

MLS® sales below $200,000 totaled 57 transactions in July, 55% higher than July of 2017, while year to date sales increased by 26% with 307 transactions. Homes that sold between $300-400,000 on the MLS® in July showed an increase of 27% over the previous July while year to date the number of sales in this price range totaled 1,229, a decline of 5%. Home sales in excess of $400,000 totaled 540 transactions year to date, a decline of 12% over the previous year.

The Home Price Index (HPI) Value for single family residential home sales in Saskatoon took a slight decrease in July of 0.1% to $315,400 compared to $315,800 at the end of June. 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 continued on its upward trend, increasing by 1.2% for the month to $234,400. For more information on HPI go to saskatoonrealtors.ca . Year-to-date, the average sale price was $334,676, a 4.1% 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 49 days to sell in Saskatoon last month. The five year average for days to sell in the month of July is 48 days.
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Friday, July 20th 2018

Chester Bennington Memorial

River Landing Amphitheatre 0 414 Spadina Cres E

Time: 7:00 – 9:00 pm


Saturday, July 21st, 2018

1st Annual Bunnock Tournament

UMEA Sports Fields (Behind Lawson Heights Mall)

Time: 10:00 am

Price: $100/Team (Mixed Teams of 4)

Website: https://www.picatic.com/event15245223029816

Ongoing

July 17th – 22nd, 2018

Taste of Saskatchewan

Kiwanis Park – 601 Spadina Cres E

Website: www.tasteofsaskatchewan.ca


July 21st – 22nd, 2018

FIBA 3X3 World Tour Masters

4th Ave & 21st St

Time: 12.00 pm

Price: Free

Website: www.fiba.basketball/3x3worldtour/2018


July 19th – 22nd, 2018

Ness Creek Music Festival

20 kms North East of Big River, SK

Website: nesscreekmusicfestival.com


July 4th – August 19th, 2018

Shakespeare on the Saskatchewan

Big White Tents off Spadina Crescent

Website: www.shakespearesask.com/


July 20th – 22nd, 2018

2018 Saskatchewan Woodturners Symposium

Persephone Theatre – 100 Spadina Cres E

Website: newsite.hubcityturners.ca/events/turning-symposia-2014-2016/symposium-2018/


July 15th – 22nd, 2018

Canadian Rugby Championship

Saskatoon Rugby Fields – 134 English Cres

Time: All Day

Price: $5.00 per day/ $20.00 Full event pass

Website: https://rugby.ca/en/news/2018/04/saskatoon-to-host-2018-senior-women-age-grade-canadian-rugby-championships-in-july


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Home Sales Soften in July 


The warm weather in July appears to have taken some of the purchasers out of the Saskatoon market with a monthly decline in unit home sales of 16% compared to July of 2016. The year to date unit sales are down nearly 4% for Saskatoon compared to the first seven months of last year. Sales in the region surrounding Saskatoon increased just over 17% for the month compared to last July, while the year to date numbers declined slightly by 2.6%. Year to date there have been a total of 2,155 unit sales within Saskatoon and another 596 in the region surrounding the city. The total dollar volume recorded for Saskatoon and region year to date is $989 Million off 5% from last year.

The number of active listings in Saskatoon has reached a new peak at 2,210 with an additional 1,125 properties available in the market outside Saskatoon. At the current rate of monthly sales it would take just over seven months to liquidate the current inventory completely. The average home is taking approximately 50 days to sell which is consistent with the past two July’s. The homes that are selling are seeing a sale price that is at 96.7% of the asking price. “These stats would indicate to me that those who are serious about selling are pricing to market and getting very close to their asking price and in much less time than the current 50 day average.” According to Jason Yochim CEO with the Saskatoon Region Association of REALTORS®.

The number of listings taken year to date in the Saskatoon and region market is consistent with last year at 8,693. In Saskatoon there have been 5,795 properties listed since January 1st, very similar to numbers for the past two years.

Prices continue to show signs of slight decline as well. The average sale price in July of 2017 was 6.4% lower than July of 2016. Year to date, the average price has slipped from $351,855 to $348,960. The median price year to date also decreased slightly from $335,000 to $329,500. The Composite Home Price Index (HPI) benchmark price for July declined by 2.2% compared to last July. The HPI is considered to be the best indicator of the trend in home prices and measures the rate of change month over month. “Based on the theory of supply and demand it is reasonable to expect that prices are not likely to strengthen until the number of active listings declines.” comments Yochim. “It is important to remember that these changes in pricing are an aggregate of the entire market and will vary based on area, type of home and availabilty of similar properties to the subject. Access to this information is critical to accurate pricing and can be obtained through consultation with one of our members.”

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Friday, July 28th, 2017

Pizza Party with the Cure – Cooking Class

The Local Kitchen – 123 Ave B South

Time: 6:30 pm

Price: $75.00

Website: https://www.thelocalkitchenyxe.com/class-calendar/2017/7/28/pizza-party-with-the-cure

 

Burning Love! Rory Allen’s Tribute to Elvis

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: 6:30 pm

Price: $45.00

Website: https://tickets.siga.sk.ca/eventperformances.asp?evt=893

 

Sunday, July 30th, 2017

The Marr Residence Music in the Garden

Marr Residence – 326-11th Street East

Time: 2:00 pm

Website: themarr.ca/

 

Nest Secret Garden Tour

Various locations around Saskatoon

Time: 1:00 – 5:00 pm

Price: $15.00

Website: nestsaskatoon.net

 

Ongoing

July 17th – October 22nd, 2017

Our Collective Threads: Saskatchewan People in Canada

Western Development Museum – 2610 Lorne Ave

Time: 9:00 am – 5:00 pm

Website: wdm.ca

 

July 25th – August 5th, 2017

Featuring Artwork by Michael Lonechild and Laurel Schenstead-Smith

Collector’s Choice Art Gallery – 625D – 1st Ave N

Time: Tuesday to Friday 9:30 am – 5:30 pm, Saturday 9:30 am – 5:00 pm

Price: Free

Website: www.collectorschoice.ca

 

June 4th- August 30th, 2017

Free Campus Tours in June, July, & August

Diefenbaker Canada Centre at U of S, 101 Diefenbaker Pl

Time: Wednesday & Sunday at 1:00 pm

Price: Free

Website: www.usask.ca/diefenbaker/tours.php

 

July 5th – August 20th, 2017

Shakespeare on the Saskatchewan

Big white tents off Spadina Crescent

Website: www.shakespeareonthesaskatchewan.com

 

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Friday, June 14th, 2017

Oysters and Lobsters 101 – Cooking Class

The Local Kitchen – 115-123 Ave B South

Time: 6:30 pm

Price: $115.00

Website: https://www.thelocalkitchenyxe.com/class-calendar/2017/6/2/oysters-and-lobsters-101

 

The Little Mermaid the Musical

Broadway Theatre – 715 Broadway Ave

Time: 3:00 pm & 7:00 pm

Website: https://broadwaytheatre.ca/events

 

Sunday, June 16th, 2017

Family Day at the Zoo

Saskatoon Forestry Farm Park & Zoo – 1903 Forestry Farm Park Drive

Time: 9:00 am – 4:00 pm

Price: Park Admission

Website: https://saskatoonzoosociety.ca/event/family-day-at-the-zoo/

 

Ongoing

July 11th – 16th, 2017

A Taste of Saskatchewan

Kiwanis Park – 601 Spadina Cres E

Website: www.tasteofsaskatchewan.ca

 

July 15th – 16th, 2017

FIBA 3X3 World Tour Masters

4th Ave & 21st Street

Time: All Day

Price: Free

Website: www.fiba.com/3x3worldtour/2017/saskatoon

 

July 13th – 16th, 2017

Ness Creek Music Festival

20km North East of Big River

Website: nesscreekmusicfestival.com

 

July 14th – 15th, 2017

A Night with the King

601 Eastlake Ave

Time: Friday 7:00 pm, Saturday 5:00 pm

Price: Free

 

July 11th – 22nd, 2017

Featuring Work by Paul Jacoby and Cecelia Jurgens

Collector’s Choice Art Gallery – 625D – 1st Ave North

Time: Tuesday to Friday 9:30 am – 5:30 pm, Saturday 9:30 am – 5:00 pm

Price: Free

Website: www.collectorschoice.ca

 

July 17th – 21st, 2017

Kids in the Kitchen (Level 2)

The Local Kitchen – 115-123 Ave B South

Time: 9:00 am – 12:30 pm

Price: $250.00

Website: https://www.thelocalkitchenyxe.com/class-calendar/2017/7/10/kids-in-the-kitchen-level-2

 

July 14th – 16th, 2017

Rockridge Gospel Music Festival

West of Warman across #305 onto Rockridge Rd

Time: Friday 7:00 p.m. - 9:00 p.m. Saturday 10:00 a.m. - 9:00 p.m. Sunday 10:00 a.m. - 8:00 p.m.

Price: Free

 

July 13th – 15th, 2017

Saskatoon River Rendezvous 150 Festival

River Landing

Time: Thursday 3:00 – 7:00 pm, Friday 7:00pm & Saturday 11:00 am

Price: Free

Website: www.saskriverbasin.ca/events/details/celebrate_the_river.html?cmonth=&cyear

 

 

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Friday, July 7th, 2017

The Deep South – Cooking Class

The Local Kitchen – 115-123 Ave B South

Time: 6:30 pm

Price: $75.00

Website: https://www.thelocalkitchenyxe.com/class-calendar/2017/6/2/the-deep-south

 

Saturday, July 8th, 2017

Saskatoon Reggae World Music Festival

W.E. Graham Park – 639 Broadway Ave

Time: 12:00 – 10:00 pm

Website: www.saskatoonreggaefestival.com/

 

Saskatoon Makerspace BBQ with Fab Labs Nation

Saskatoon Makerspace – 140 Ave C South

Time: 4:00 pm

Website: https://www.facebook.com/events/1745472992133612

 

5K Foam Fest – Canada’s #1 Fun Run

John Arcand Fiddle Fest Inc. – 7 Km SW of Saskatoon on the Pike Lake Highway #60

Time: 7:00 am – 5:00 pm

Price: $42.00 - $85.00

Website: www.5kfoamfest.ca

 

Sunday, July 9th, 2017

Pets in the Park

Kiwanis Memorial Park North

Time: 9:00 am – 4:00 pm

Website: petsinthepark.ca/pets-in-the-park-2016/

 

Ongoing

July 6th – 8th, 2017

2nd Ave Sidewalk Sale

Downtown

Website: dtnyxe.ca/events/

 

July 8th – 9th, 2017

Pion-era

Western Development Museum – 2610 Lorne Ave

Time: 9:00 am – 5:00 pm

Website: www.wdm.ca/stoon/pionera.htm

 

July 7th – 9th, 2017

Festival Fete Franksaskoise

Pike Lake Provincial Park

Website: https://fransaskfesteng.wordpress.com/

 

July 10th – August 14th, 2017

Dance on the Saskatchewan

Shakespeare on the Saskatchewan – Tents along the South Saskatchewan River

Time: Shows begin at 7:30 pm, with Pre-show at 6:30 pm

Price: Adults - $20.00, Seniors and Youth $15.00

 

 

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Friday, June 30th, 2017

Canadian Classics Twisted – Cooking Class

The Local Kitchen – 115 – 123 Ave B South

Time: 6:30 pm

Price: $75.00

Website: https://www.thelocalkitchenyxe.com/class-calendar/2017/5/3/canadian-classics-twisted

 

Saturday, July 1st, 2017

Optimist Canada Day Celebrations

Diefenbaker Park

Time: 10:00 am – Dusk

Website: www.optimistcanadadaysaskatoon.com

 

Ongoing

June 30th – July 3rd, 2017

Royal Canadian Circus “Under the Big Top”

Wyant Group Raceway – North of Saskatoon off Hwy #12

Time: 4:00 pm, 7:00 pm, 12:00 pm, 1:00 pm

Price: $25.00 + Taxes

Website: www.royalcanadiancircus.ca

 

July 1st – 8th, 2017

Little Stone Schoolhouse Open House

Little Stone Schoolhouse – 107 Wiggins Rd

Time: 11:00 am – 2:00 pm

Price: Free

Website: https://www.usask.ca/diefenbaker/news/little-stone-schoolhouse-open-house.php

 

 

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Phone: 306-221-9221

345 4th Avenue South #210

Saskatoon, SK S7K 1N3

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