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, 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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September Home Sales Decline


The Saskatoon real estate market saw a 19% decline in MLS® home sales in September compared to a year ago. Total MLS® sales for September of 2016 totaled 324 compared to just 262 in 2017. The year-to-date total of 2,745 MLS® sales in Saskatoon, is a 6% reduction compared to 2,935 MLS® sales for 2016. Overall, the entire number of sale transactions recorded by the association in Saskatoon and region at the end of September was 3,701 units compared to 3,957 in 2016. This translates to a 10% decline in dollar volume or roughly $140 Million dollars. The number of available properties for sale declined by around 100 units from August to September with a total of 2,082 available properties on the market. The five year average for active listings on the market is 1,797 units. “Ideally it would be nice to see the number of active listings around that five year average or lower” comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®, “that level of inventory would bring us closer to balanced market conditions.” By comparison, in 2007 when the market was a strong sellers’ market with escalating home prices, there was an average of just over 400 active listings through the year. Ten years later that average is just under 2000 active listings.   

The average length of time for a home to sit on the market is 55 days, just slightly above the five year average for days to sell in September which is 46. The sales to listing ratio is a comparison of the number of sales for the month relative to the number of new listings taken. It is considered to be a balanced market when this ratio falls between 40-60%. A percentage above this range is considered sellers’ market while a percentage below is considered a buyers’ market. The sales to listing ratio for September is was 34%, well below the five year average of 42%. “In a buyers’ market with elevated inventory levels it is critical to understand pricing and to properly prepare your home to compete against other homes in your price range.” cautions Yochim.   

The average selling price for a home in Saskatoon for the year decreased by 1.4% to $347,043. The median price also declined slightly by 2.1% to $327,900. In July of this year the Saskatoon Region Association of REALTORS® elected to remove lot sales from the aggregate number of home sales to give a more accurate picture of pricing. This change has helped to support the average price to some degree in comparison to last year.  The MLS® Composite Home Price Index (HPI) Benchmark Price increased by 3.6% to $326,700, up 3.6% from a year ago. This increase is also impacted by the removal of lot sales from the total sales volume. The Composite HPI measures the rate of change in a benchmark price for a typical home and is the most accurate indicator of pricing direction in a market.

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Friday, September 29th, 2017

Elvis: If I Can Dream

Broadway Theatre – 715 Broadway Ave

Time: 7:30 pm

Website: https://broadwaytheatre.ca/events?p=event&event=3890

 

Lisa Leblanc

Broadway Theatre – 715 Broadway Theatre

Time: 9:00 pm

Website: https://broadwaytheatre.ca/events?p=event&event=3907

 

Publishing Symposium

Western Development Museum – 2610 Lorne Ave

Time: 1:00 – 4:30 pm

Price: Free

Website: www.skbooks.com/publishing-symposium/

 

U of S Huskies Football VS Regina Rams

Griffiths Stadium at PotashCorp Park

Time: 7:00 pm

Price: Premium - $27.00, Adult - $22.00, Youth - $10.00

Website: www.huskies.usask.ca

 

Saskatoon Blades VS Medicine Hat Tigers

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:05

Price: Tickets from - $19.00 - $31.00

Website: www.saskatoonblades.com

 

Saturday, September 30th, 2017

Army Reserve Open House

SGT Hugh Cairns VC Armoury – 930 Idylwyld Drive

Time: 9:00am – 5:00 pm

Price: Free

 

Global March for Elephants & Rhinos

Friendship Park – Base of the Broadway Bridge

Time: 12:00 – 12:30 pm

Price: Free

Website: march4elesandrhinos.org

 

Light the Night Walk

Kiwanis Park North

Time: 5:00 pm

Website: www.lightthenight.ca

 

Prairie Fire Alpacas Open House

Arelee – 45 Minutes outside of Saskatoon

Time: 10:00 am – 5:00 pm

Price: Free

 

Ryde the Hangar

STARS Hangar in Saskatoon – Hangar 21, 2475 Airport Road

Time: 8:00 am

Price: Pre-Registration was required

Website: www.rydethehangar.com

 

Saskatoon Blades VS Calgary Hitmen

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:05

Price: Tickets from - $19.00 - $31.00

Website: www.saskatoonblades.com

Sunday, October 1st, 2017

Fall Fest

The Glen at Crossmount

5 kms South of Saskatoon on Hwy 219

Time: 10:00 am – 4:00pm

Price: Free

 

Fall Vendor and Craft Fair

German Cultural Centre – 160 Cartwright Street E

Time: 10:00 am – 4:00 pm

Price: Free

Website: saskgerman.com

 

Harlem Globetrotters

SaskTel Centre – 101-3515 Thatcher Ave

Time: 3:00 pm

Website: sasktelcentre.com/event.php?event=734-990b057d

 

Nature Journaling Workshop

Prairie Habitat Garden, College of Education at the U of S – 3079-28 Campus Drive

Time: 1:00 – 4:00 pm

Price: Saskoutdoors Members - $10.00, Non-members - $15.00

Website: saskoutdoors.org/event-calendar/post/nature-journaling-workshop

 

Ongoing

September 29th – 30th, 2017

Premier Showcase

TCU Place – 35-22nd Street East

Time: 6:30 – 10:00 pm

Price: $45.00

Website: www.tcuplace.com/pages/premier

 

September 30th – October 1st, 2017

Pumpkin Festival at Black Fox Farm and Distillery

Black Fox Farm & Distillery – 245 Valley Road

Time: 10:00 am – 5:00 pm

Price: $10.00 per vehicle

Website: www.tdsfarms.biz/pumpkin-festival

 

 

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Friday, September 8th, 2017

U of S Huskies Football VS Alberta Golden Bears

Griffiths Stadium at PotashCorp Park

Time: 7:00 pm

Price: Premiun - $27.00, Adult - $22.00, Youth - $10.00

Website: www.huskies.usask.ca

 

Saturday, September 9th, 2017

Broadway Street Fair

Broadway Ave

Time: 10:00 am – 5:00 pm

Website: onbroadway.ca

 

Debra Digiovanni

Broadway Theatre – 715 Broadway Ave

Time: 8:00 pm

Website: https://broadwaytheatre.ca/events?p=event&event=3893

 

Rise & Shine: A Morning of Music with Women of Canadian Country

Radisson Hotel Saskatoon – 405-20th St E

Time: 9:00 – 11:00 am

Price: Free

Website: www.risenshinesaskatoon.com

 

Special Olympics Saskatchewan Truck Convoy and Truck Pull

SaskTel Centre – 101-3515 Thatcher Ave

Website: www.specialolympics.ca/SKConvoy2017

 

Sunday, September 10th, 2017

Art in the Park

Ashworth Holmes Park – 915 Ave D N

Time: 12:00 – 5:00 pm

Price: Free

Website: www.caswellartsfestival.com

 

Outdoor Market & Garage Sale

German Cultural Centre – 160 Cartwright Street E

Time: 10:00 am – 4:00 pm

Price: Free

 

Ongoing

September 8th – 10th, 2017

Menagerie Burlesque Ruins Your Childhood! A Burlesque Show!

Remai Modern – 102 Spadina Cres E

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

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

Website: https://www.facebook.com/events/1405075642909127

 

 

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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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Phone: 306-221-9221

345 4th Avenue South #210

Saskatoon, SK S7K 1N3

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