Henry Moulin
Coldwell Banker Signature

Cell 306-221-9221 | Email Henry@SaskatoonRealEstate.com |

Month of March - Springing Up

After a fairly strong February, the city of Saskatoon’s March housing market had spring in its step as both new listings and sales rose over last year, by five and 11 per cent respectively.

The Saskatoon Region Association of REALTORS® (SRAR) reported 702 listings were posted to the Multiple Listing Service® (MLS®), up from 668 last March, but significantly down from 850 in 2017.

Sales jumped 11 per cent to 258, up from 233 last year but down from 308 in March 2017. At the same time, the average selling price dropped four per cent to $316,445, down from just over $328,000 a year earlier, partly due to a higher proportion of entry-level home sales below $400,000. There was also a significant decrease in the number of sales recorded between $400,000 and $450,000.  Even so, the dollar volume of homes sold increased seven per cent to just over $81.6 million, up from $76.5 million a year earlier.
 
“We’re coming into the spring market, and the degradation of prices over the last three year has made it a little more attractive out there. People do get a little bit more optimistic in the spring,” said Jason Yochim, CEO of SRAR.

“Some of that optimism may have sprung from the federal government’s recent policy announcement regarding changes to home buyers’ plan, which provides a five per cent interest-free loan on existing homes, and 10 per cent on new homes, to first-time buyers. Our industry has been lobbying for changes such as this for a long time.”
 
The Saskatoon Region, which includes smaller communities in the Census Metropolitan Area, saw a five per cent increase in listings, to 1,084 (up from 1,034 in 2017) and a four per cent increase in monthly sales, to 359 (up from 345). Listings generally begin to trend upward as March, and spring, approach.
 
Excluding Saskatoon, regional listings were flat with last March and sales fell nine per cent to 77, down from 85. The selling price dropped 12 per cent to $275,000. In 2019 so far, Saskatoon and region listings, taken together, are down two per cent to 2,675, 1,736 of those in the city proper. Sales are up two per cent to 929, up from 909 in 2018, and dollar volume has fallen one per cent to $213 million, down from $215.5 million. Active listings sat at 3,184 at the end of March, down one per cent, with 1,611 of those in Saskatoon, down four per cent.

While the 2019 market has been kinder to home sellers than in the last three years, it remains important to price properties appropriately to present conditions, said Yochim. The sales to listings ratio was 37 per cent in March, which still signifies a buyers’ market.
 
“Home sellers, not to mention buyers, can benefit from the knowledge a REALTOR® brings to a housing transaction. REALTORS® know how to help a seller arrive at a realistic price, and they are also professionals who subscribe to a strict code of ethics. They can guide sellers, and buyers, through the process, and help them make the best decisions.”
 
OTHER REGIONS
 
The spring market has had a slower start in Prince Albert and region, where listings rose four per cent to 128 (from 123 last March) and sales fell 10 per cent to 38, down from 42.  Dollar volume was down 29 per cent to $6.7 million, from $9.5 million in the same month of 2018. However, the statistics tend to appear more dramatic to the smaller size of the market.
 
It was a similar story in The Battlefords region, where listings rose five per cent to 120 units, up from 114 a year ago, and sales fell three per cent to 32. However, that was a drop of just one unit from last year’s 33 sales.  Dollar volume fell 37 per cent to $4.5 million from just over $7 million. The region did, however, see an increase in the average price of four per cent to $188,000. Dollar volume was down 22 per cent to $4.5 million.

“The market is considerably more challenged in smaller cities. Saskatoon hasn’t been affected as much on sales activity because of our diversified economy.”

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Saturday, May 20th, 2018

Mini Avengers Superhero Party

German Cultural Centre – 160 Cartwright St E

Time: 12:00 pm – 3:00 pm

Price: Ages 3-12 - $5.00, Ages 0-3 - $2.00

Website: saskgerman.com

 

Ongoing

May 16th – 20th, 2018

Cirque Du Soleil: Crystal

SaskTel Centre – 101-3515 Thatcher Ave

Website: sasktelcentre.com

 

 

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Friday, May 4th, 2018

An Evening with Patsy Cline

Nutana Legion – 3021 Louise Street

Time: 7:00 – 9:30 pm

Price: $30.00

Website: www.celebrity-imposters.com

 

Saturday, May 5th, 2018

Fire in the Kitchen Cook Off

Prairieland Park – 503 Ruth St W

Time: Doors open at 5:30 pm

Price: $700.00 individual/$600.00 table of 8

Website: https://www.picatic.com/spffacookoff2018

 

Goodnight Moon and the Runaway Bunny

Broadway Theatre – 715 Broadway Ave

Time: 10:00 am and 1:15 pm

Website: broadwaytheatre.ca

 

Gord Bamford

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: Doors 7:00 pm, Showtime 8:00 pm

Price: $45.00

Website: dakotadunescasino.com/entertainment/

 

Little Peanut Craft & Gift Fair

Saskatoon Exhibition

Time: 10:00 am – 4:00 pm

Price: $1.00

Website: https://www.facebook.com/events/132920067425081/

 

River Safety Day

River Landing

Time: 11:00 am – 4:00 pm

Price: Free

Website: www.theprairielily.com

 

SSO Season Finale with Gryphon Trio

TCU Place – 35-22nd St E

Time: 7:30 pm

Price: $15.00-$80.00

Website: saskatoonsymphony.org/event/masters-6-finale/

 

The Icons

German Cultural Centre – 160 Cartwright St E

Time: 6:00 – 11:00 pm

Price: $25.00

Website: saskgerman.com

 

Sunday, May 6th, 2018

Kyla in the Spring Art Show and Sale

German Cultural Centre – 160 Cartwright St E

Time: 3:00 – 7:00 pm

Price: $15.00 in advance, $20.00 at the door

Website: saskgerman.com

 

Mental Health and Addiction Services Fun Run/Walk

Diefenbaker Park

Time: 9:00 am

Website: https://www.mhasfunrun.ca/

 

Ongoing

May 6th – 8th, 2018

Centre for Forensic Behavioral Science and Justice Studies’ Violence and Aggression Symposium

University of Saskatchewan – 9 Campus Drive

Website: www.usask.ca/cfbsjs/va_symposia/VA2018/

 

May 7th – 9th, 2018

Menopause the Musical

Broadway Theatre – 715 Broadway Ave

Time: 7:30 pm

Website: broadwaytheatre.ca

 

May 4th – 6th, 2018

Saskatoon Jane’s Walks

Various Neighborhoods in Saskatoon

Price: Free

Website: janeswalksaskatoon.ca

 

 

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Saturday, April 21st, 2018

Shades of Psych II

Amigos Cantina – 806 Dufferin Ave

Time: 10:00 pm

Price: $12.00 at the door, $10.00 in Advance

Website: https://www.facebook.com/events/416294932174761/

 

SSO 9 and 3/4S – Music of Harry Potter

TCU Place – 35-22nd St E

Time: 7:30pm

Price: $15.00 - $95.00

Website: saskatoonsymphony.org/event/pops-4-music-of-harry-potter/

 

Monday, April 23rd, 2018

Peppa Pig Live!

TCU Place – 35-22nd St E

Time: 6:00 pm

Website: tcuplace.com

 

Vancouver International Mountain Film Festival Tour

Broadway Theatre – 715 Broadway Ave

Time: 7:00 pm

Website: broadwaytheatre.ca

 

Ongoing

April 12th – 21st, 2018

Home is a Beautiful Word

Broadway Theatre – 715 Broadway Ave

Price: $28.00

Website: persephonetheatre.org

 

April 21st – 22nd, 2018

Saskatoon Potters Guild Spring Show and Sale!

Albert Community Centre – 3rd Floor – 610 Clarence Ave S

Time: Saturday 9:00 am – 7:00 pm, Sunday 9:00 am – 4:00 pm

Price: Free

Website: www.saskatoonpottersguild.com

 

April 19th – 22nd, 2018

Slow Food in Canada 2018 Summit

Website: slowfood.ca/2018-national-summit-in-saskatoon/

 

April 20th – 22nd, 2018

Your Family History: Finding and Assembling the Pieces

Park Town Hotel – 924 Spadina Cres E

Time: 12:00 pm

Website: genealogysaskatoon.org

 

 

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Friday, March 30th, 2018

Lee Aaron & Harlequin

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: Doors - $7.00 pm, Showtime - $8.00

Price: $40.00

Website: dakotadunescasino.com

 

Saturday, March 31st, 2018

Olate Dogs

Broadway Theatre – 715 Broadway Ave

Time: 7:30 pm

Website: broadwaytheatre.ca

 

Sunday, April 1st, 2018

Annual Easter Brunch

German Cultural Centre – 160 Cartwright St E

Time: 10:00 am – 2:00 pm

Website: saskgerman.com

 

Easter Sunday Brunch Buffet at the Park Town Hotel

Park Town Hotel – 924 Spadina Cres E

Time: 9:30 am – 2:00 pm

Website: www.parktownhotel.com/blog/page/four-seasons-restaurant

 

Easter Sunday Dinner Buffet at the Park Town Hotel

Park Town Hotel – 924 Spadina Cres E

Time: 4:40 – 8:00 pm

Website: www.parktownhotel.com/blog/page/four-seasons-restaurant

 

Ongoing

March 30th – 31st, 2018

Draggins Rod and Custom Car Show

Prairieland Park – 503 Ruth St W

Time: 10:00 am – 10:00 pm

 

March 24th – April 12th, 2018

Paraph

Saskatchewan Craft Council Gallery – 813 Broadway Ave

Time: Tuesday – Saturday 10:00 am – 5:00 pm

Price: By Donation

Website: https://saskcraftcouncil.org/affinity-gallery-exhibitions/current-exhibition/

 

March 22nd – 31st, 2018

Spirit Wrestler by Greg Nelson

Greystone Theatre – 118 Science Place

Time: 8:00 pm

Price: Adults - $22.00, Seniors - $19.00, Students - $17.00

Website: https://www.facebook.com/events/151156728887280/

 

 

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