Henry Moulin ABR, CRES

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

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Residential Dollar Volume Continues to Decline

At the midway point of the year, the total dollar volume for residential MLS® sales in Saskatoon sits at $565,435,958. This is down 12% from last year and represents the lowest volume in ten years. In June of 2007 the total dollar volume for residential MLS® sales was $550,023,364. “This is a reflection of a decrease in sales volume coupled with a decrease in pricing” according to Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®. Year-to-date residential MLS® sales of 1,693 homes is down 8%. Last month there were 350 MLS® home sales, an 11% decline from last June and the lowest number for June in 10 years. The median home sale price of $316,500 is at its lowest point this year, down from $330,000 in January. The Home Price Index (HPI) Value for single family residential home sales in Saskatoon continued its slow but steady increase from February and was at $315,800 at the end of June. The HPI Value for single family residential reached its highest level in May of 2015 at $331,800. 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 apartment style residences has been on a steady decline since January but appears to have levelled out at $179,100. HPI value for townhouse style residences has been trending up sharply since March and was at $231,600. For more information on HPI go to saskatoonrealtors.ca .

Year-to-date, the average sale price was $333,985, a 5% decrease from the same period last year. The highest average residential sale price for June was in 2015 at $361,719. 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.

Inventory levels continue to be elevated with 2,109 residential properties available on the MLS® in Saskatoon at the end of June. This is just slightly above the five year average for active listings which is 1,990. The sales to listing ratio remained virtually unchanged from a year ago at 40%. The sales to listing ratio is a comparison of the number of sales for a period of time to the number of new listings. This number reflects that four out of every ten homes that hit the market end up selling. In reality this percentage is likely lower as many homeowners that do not sell will cancel their current listing and relist often at a different price. This elevates the true number of listings relative to sales. Last month, the average home in Saskatoon took 47 days to sell in Saskatoon last month, unchanged from May of this year.
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Saturday, June 16th, 2018

80s Party Featuring Wang Chung & The Cutting Crew

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: Doors – 7:00 pm, Show – 8:00 pm

Website: dakotadunescasino.com/entertainment/

 

Sunday, June 17th, 2018

Father’s Day Ultimate Brunch

German Cultural Centre – 160 Cartwright St E

Time: 10:00 am – 2:00 pm

Website: saskgerman.com

 

Ongoing

June 10-24th, 2018

Saskatoon Pride Festival

Various Locations

Website: saskatoonpride.ca

 

June 16th – 23rd, 2018

Saskatoon Opera Presents La Boheme

Persephone Theatre – 100 Spadina Cres E

Time: 7:30 pm, Saturday 2:00 pm

Website: www.saskatoonopera.ca/

 

 

 

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Saturday, June 2nd, 2018

Kevin Hart

SaskTel Centre – 101-3515 Thatcher Ave

Time: Doors – 6:00pm, Show – 7:00 pm

Website: sasktelcentre.com

 

Pop-Up Restaurant – Global Pot Fusion Cuisine

Saskatoon Farmers Market – 414 Ave B South

Time: 11:00 am – 3:00 pm

Price: Free

Website: www.globalpot.org

 

Saskatoon Public Library – Knowlympics

Saskatoon Public Library – 311-23rd St E

Time: 10:00 am – 3:00 pm

Price: Free

Website: https://saskatoonlibrary.ca/Knowlympics

 

Sunday, June 3rd, 2018

Beads of Courage Color Festival Fun Run/Walk

Lakeview Park – 175 Whiteshore Crescent

Time: 9:00 am

Price: $45.00 – Early Bird

Website: https://www.colourrunsask.ca/about

 

Ongoing

June 2nd – 5th, 2018

Nutrien Children’s Festival of Saskatchewan

Kiwanis Memorial Park

Website: www.potashcorpchildrensfestival.com/

 

June 1st – 3rd, 2018

International Saskatchewan Salsa & Bachata Congress

TCU Place – 35-22nd St E

Website: sasksalsacongress.com

 

 

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Competitive Market for Some Home Sellers

At the halfway point in the year, housing sales reflect that of the year to date total in 2016 with 1,850 unit sales in Saskatoon. The average sale price of $350,000 is virtually unchanged as well from a year ago. Also, the median price year to date at $330,000 is comparable to that of last year. Helping to sustain these price indicators is a notable increase (25%) in home sales over $600,000 which is offsetting a decline (3%) in sales below $600,000, as of June 30th. The total number of sales over $600,000 in Saskatoon was 101 units of which 90 were single family homes. Comparatively there were 1,765 transactions at the end of June below $600,000. The number of condominium units sold so far this year was 533 units representing a 5% increase over last year. With the mortgage qualification changes implemented last October, some buyers had to shift their purchase decision from single family to condominium to fit a reduced purchase price. The total dollar volume for Saskatoon and area of $846M is the lowest year to date total since June of 2011. The highest dollar volume reached for the midpoint of the year was June of 2014 at $1.1B.

Much has been said about the number of homes available in Saskatoon. Currently there are still over 2,100 active listings in Saskatoon. This amount of available homes would take just over five months to liquidate at the current rate of sales. This amount of active property also means that we are still firmly in a buyers’ market with a sales to listing ratio of 41%, comparable to last June but below the five year average of 50%. In the overheated market of 2007 there were only 375 active listings and a sales to listing ratio of an incredible 79%. This was at a time when Saskatoon’s population was around 210,000 residents for a per capita of one active listing for every 560 residents. In 2012 this increased to 1,254 active listings and a population of 239,420 for a per capita of one listing for every 190 residents. Saskatoon’s current population of 268,158 equates to one active listing for every 125 people.

On average it takes 45 days to sell a home in Saskatoon. This is the lowest days on market average for any month in 2017. “Average days on market can be misleading as well.” cautions Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®. “If homes are properly priced in any price range and in any market condition, they can easiiy see an offer in much less time.” The key is to get sound advice on the current market for each specific home. “Our REALTOR® members are market experts who are objective and can guide a seller in this critical decision.” he adds.

The market surrounding Saskatoon had a year to date decline in sales of 11% with a total of 456 transactions. Active listings in this market at the end of June were 1,112 which is a 4% decline over last year.

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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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Saturday, June 24th, 2017

Canada Screams for Ice Cream

Your Local Safeways and Sobeys

Time: 9:00 am – 5:00 pm

Website: www.treatyourcommunity.com

 

Flatlands Collective Pop-Up Market

810 Broadway Ave

Time: 10:00 am – 6:00 pm

Price: $2.00

 

Sunday, June 25th, 2017

Family Fun Day

German Cultural Centre – 160 Cartwright St E

Time: 2:00 – 4:30 pm

Price: Free

Website: https://www.facebook.com/events/1869119656674291/

 

Ongoing

June 11th -25th, 2017

Saskatoon Pride Festival

Various Locations in Saskatoon

Website: saskatoonpride.ca

 

June 23rd – July 2nd, 2017

SaskTel Saskatchewan Jazz Festival

Various venues throughout Saskatoon

Website:  www.saskjazz.com

 

June 23rd – 25th, 2017

Bartari Foodtruck Wars

Sutherland Curling Club – 141 Jessop Ave

Time: Friday 5:00 – 10:00 pm, Saturday 12:00 – 10:00 pm, Sunday 12:00 – 5:00 pm

Price: $5.00 Admission, Ages 12 & under are free

 

June 21st – 25th, 2017

Summer Carnival

Market Mall – 2325 Preston Ave

Time: Wednesday to Friday 3:00 – 10:00 pm, Saturday 12:00 – 10:00 pm, Sunday 12:00 – 6:00 pm

Website:  www.saskatoonmarketmall.com

 

June 22nd – 25th, 2017

Western Canadian Arabian Breeders Horse Show

Prairieland Park – 503 Ruth St W

Time: 7:00 pm

Price: Free

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

 

 

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Friday, June 2nd, 2017

Avalawn Affair

John Lake Park & School Grounds – 2606 Broadway Ave

Time: 5:00 – 8:00 pm

 

Canadarm Challenge with the Saskatchewan Science Centre

Western Development Museum – 2610 Lorne Ave

Time: 1:00 – 5:00 pm

Website: www.sasksciencecentre.com/events-calendar/

 

Jack Semple & Dave Chobot

The Bassment – B3 202-4th Ave N

Time: 9:00 pm

Price: $23.00 - $28.00

Website: thebassment.ca/event/jack-semple-dave-chobot/

 

Saturday, June 3rd, 2017

Heidi Munro

The Bassment – B3 – 202-4th Ave N

Time: 8:00 pm

Price: $22.00-$27.00

Website: thebassment.ca/event/heidi-munro-2/

 

Sunday, June 4th, 2017

Gutsy Walk for Crohn’s And Colitis

North Kiwanis Park – Next to the Bessborough Hotel

Time: Registration at noon, walk at 2:00

Price: Free

Website: gutsywalk.ca

 

Tim McGraw & Faith Hill: Soul 2 Soul World Tour

Sasktel Centre – 101-3515 Thatcher Ave

Time: 7:00 pm

Price: sasktelcentre.com/event.php?event=674-85a67c80

 

The Walk to Fight Arthritis

Victoria Park – 810 Spadina Cres W

Time: 10:00 am

Price: Free

Website: arthritis.ca

 

Ongoing

June 3rd – 6th, 2017

Potashcorp Children’s Festival of Saskatchewan

Kiwanis Memorial Park

Website: www.potashcorpchildrensfestival.com/

 

June 3rd – 4th, 2017

Abiding Lines Dance Company Presents the Girl with Kaleidoscope Eyes

Persephone Theatre – 100 Spadina Cres E

Time: 7:30 pm

Price: $30.00

Website: AbidingLines.com

 

June 2nd – 4th, 2017

Harpoon in June: A Burlesque Show

Village Guitar & Amp Co. – 432 20th St W

Time: Doors at 7:00 pm, Show at 8:00 pm

Price: $20.00 in advance, $25.00 at the door

Website:  facebook.com/events/1869052520029740

 

June 2nd – 4th, 2017

International Saskatchewan Salsa & Bachata Congress

Hildton Gardon Inn – 90 – 22nd St E

Website: sasksalsacongress.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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