Henry Moulin ABR, CRES

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

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Home Sales Soften in November

The total number of residential home sales for the month of November in Saskatoon on the Multiple Listing Service (MLS®) totaled 203 units. This represents a 22% decline compared to the same month last year. The highest total for sales to the end of November was in 2014 reaching 4,203 transactions. This total has been steadily declining since with year to date sales at the lowest in ten years. At the end of last month there was a total of 3,167 residential MLS® transactions in the city, this is a 25% decline from the high of 2014. 


Total new residential MLS® listings has also been declining since 2015 when there were 9,411 by the end of November. The total number of residential MLS® listings for Saskatoon as of November 30thwas 7,646, a 12% decline compared to last year and a 19% decrease from 2015.  Total active residential listings at the end of last month was 1,716, comparable to the five-year average and slightly higher than the 10-year average of 1,388. At the current rate of sales, it would take just over 8 months to liquidate the current active listing inventory. “The months of inventory has been steadily increasing from 3.8 months in November of 2012.” comments Jason Yochim, CEO of the Saskatoon Region Association of REALTORS® (SRAR). “Even though homes in November were selling at 96.2% of the asking price, it still took two months for the average home to sell in Saskatoon” he added. The sales to new listing ratio helps to determine if it is a sellers or buyers’ market. It is considered to be a balanced market when the ratio is at 50%, a lower percentage than this is considered a buyers’ market and above, a sellers’ market. The sales to listing ratio in Saskatoon for November was 38%, favoring buyers. 


Typically, when referencing home prices, the focus in real estate is often on the average price. The danger in this is that the average can be misleading and is easily skewed. Case in point, if there are more, higher priced homes that sell in a certain period than another comparable period, the average will be higher. The opposite could occur the following month resulting in a lower average. 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 may be 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 $310,900. Even though this is up 0.8% from a year ago, it has been trending downward in the past 6 months very slightly. For more information on HPI go to contact a member of the SRAR or visit saskatoonrealtors.ca 

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Number of Listings Declining

The total number of new residential listings in Saskatoon on the Multiple Listing Service (MLS®) year to date totaled 7,111. This represents a 12% decline when compared to the same period last year with 8,065 properties listed. The total number of residential listings for Saskatoon and region year to date is 10,929, a 10% decline from last year. The individual month end totals for new listings in 2018 was down each month as well compared to 2017 totals. This decline in new listings has contributed to lower inventory levels for available properties in Saskatoon. At the end of October there was a total of 1,808 active residential properties for sale in Saskatoon and 1,095 in the regional market surrounding Saskatoon. The five-year average for active listings in Saskatoon is 1,806 while the ten-year average is 1,487. “Since 215, the Saskatoon market has experienced higher inventories of active listings, this puts downward pressure on pricing and often upward pressure on the sales to new listing ratio.”  comments Jason Yochim, CEO of the Saskatoon Region Association of REALTORS®. The median price of a home in Saskatoon has declined as well since 2015 as has the average price. The average residential price was $332,000 at the end of October, down 4% from a year ago and $20,000 from two years ago. 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 $312,600 virtually unchanged from a month earlier. The Benchmark price for a typical Townhouse style property in Saskatoon was $222,900 last month, for apartment style properties, $180,100 in October. For more information on HPI go to saskatoonrealtors.ca.


Year to date, the total number of residential sales on the MLS® system in Saskatoon was 2,964, down 2% from last year. For Saskatoon and region the total number of sales was 4,074, a 1% decline from 2017. Total MLS® sales of 285 in Saskatoon for October was unchanged from the same month last year and but down 9% from October 2016. “It s encouraging to see home sales at a comparable level to last year in spite of economic challenges and the “stress test” changes to financing earlier this year.” Comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®. “It would seem that sellers are recognizing the importance of expert advice from our REALTOR® members in pricing to the current market.” he adds.

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Friday, March 2nd, 2018

Saskatoon Blades VS Lethbridge Hurricanes

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

Saturday, March 3rd, 2018

Saskatchewan Rush VS Vancouver Stealth

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:30 pm

Price: $25.00-$69.00

Website: www.saskrush.com

 

SSO The Music of Joni Mitchell

TCU Place – 35-22nd St E

Time: 7:30 pm

Price: $15.00-$110.00

Website: saskatoonsymphony.org/event/pops-3-the-music-of-joni-mitchell/

 

The Steadies – Free Show: Finn’s Irish Pub 15th Birthday Presented by District Brewing

Finn’s Irish Pub – 924 Spadina Cres E

Time: 4:00 pm

Price: Free

Website: www.parktownhotel.com/blog/page/finns-irish-pub

 

Monday, March 5th, 2018

Indigenous Policy at a Cross-Roads

University of Saskatchewan – Prairie Room

Time: 10:30 am – 12:00 pm

Website: www.schoolofpublicpolicy.sk.ca

 

Ongoing

To March 4th, 2018

Saskatoon Blues Festival Presented by Cherry Insurance

TCU Place – 35-22nd St E

Website: saskatoonbluessociety.ca

 

March 2nd – 4th, 2018

Saskatoon Sports and Leisure Show

Prairieland Park – 503 Ruth St W

Price: Adults - $12.00, Seniors - $8.00, Juniors - $8.00, Family of 4 - $25.00

Website: www.saskatoonsportsandleisureshow.ca

 

March 3rd – 4th, 2018

Mid-Winter Craft Show

German Cultural Centre – 160 Cartwright St E

Time: 10:00 am – 4:00 pm

Price: $2.00

Website: saskgerman.com

 

March 2nd – 3rd, 2018

School Garden Summit

Elim Church – 419 Slimmon Road

Price: $125.00 Early Bird, $150.00 General

Website: www.schoolgardensummit.org

 

 

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Friday, February 23rd, 2018

Saskatoon Blades VS Regina Pats

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

Saturday, February 24th, 2018

Saskatchewan Rush VS Calgary Roughnecks

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:30 pm

Price: $25.00 - $69.00

Website: www.saskrush.com

 

Saskatoon Brass Band in Concert

Broadway Theatre – 715 Broadway Ave

Time: 7:30-9:00 pm

Price: Adults - $20.00, Students/Senior $15.00

Website: broadwaytheatre.ca

 

Serena Ryder

Third Ave United Church – 304 3rd Ave N

Time: 8:00 pm

Website: broadwaytheatre.ca

 

Ongoing

February 24th – 25th, 2018

Paw Patrol Live!

TCU Place – Sid Buckwold Theatre – 35-22nd St E

Time: 10:00 am and 2:00 pm, both days

Website: tcuplace.com

 

February 23rd – 25th, 2018

Three Plays by Don Nigro

Paved Arts Event Space – 424 20th St W

Time: Friday & Saturday 8:00pm, Sunday 2:00pm

Price: $20.00/$15.00

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

 

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Friday, December 15th

A Louisiana Hayride Christmas

Broadway Theatre – 715 Broadway Ave

Time: 7:30 pm

Website: broadwaytheatre.ca

 

Saturday, December 16th

Etsy SK’s Winter Market

Station 20 West – 1120 20th St W

Time: 10:00am – 4:00pm

Price: Free

Website: https://www.facebook.com/events/1969975049949978/

 

Saskatoon Blades VS Kelowna Rockets

SaskTel Centre – 101-3516 Thatcher Ave

Time: 7:05 pm

Website: www.saskatoonblades.com

 

Sunday, December 17th

Saskatoon Blades VS Regina Pats

SaskTel Centre – 101-3516 Thatcher Ave

Time: 4:05 pm

Website: www.saskatoonblades.com

 

Christmas with Eclipse: Canada.One.Five.OH.HO.HO

Broadway Theatre – 715 Broadway Ave

Time: 7:30pm

Price: $25.00

Website: broadwaytheatre.ca/events

 

Canadian Christmas Buffet

Berry Barn – 830 Valley Road

Time: 4:30 and 6:00 pm Sittings

Price: $25.99 – Adults, $24.99 Seniors, $17.99 – Children (10-13), $1.00 per year of age – Children (9 & under)

Website: berrybarn.com

 

Ongoing

December 15th – 16th, 2017

The Wizard of Oz

TCU Place – Sid Buckwold Theatre – 35-22nd St E

Time: 7:30 pm both evenings, 1:00 pm Sunday

Price: $53.00 - $73.50 + service charges

Website: https://tcutickets.ca/Online/wizard

 

December 15th – 16th, 2017

SSO – Handel’s Messiah and Sing-Along Messiah

Knox United Church – 838 Spadina Cres E

Time: 7:30 pm and 2:30 pm

Price: $37.00 - $44.00

Website:  saskatoonsymphony.org

 

December 14th – 23rd, 2017

Christmas Dinner Theatre

German Cultural Centre – 160 Cartwright St E

Time: Dinner 6:00pm, Show 7:30pm except Sunday December 17th Lunch 12:30pm, Show 2:00pm

Price: $50.00 + Taxes

Website: saskgerman.com

 

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Friday, December 9th, 2017

Saskatoon Blades VS Kamloops Blazers

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

William Prince

Emmanuel Anglican Church – 609 Dufferin Ave

Time: 8:00 pm

Website: broadwaytheatre.ca

 

Saturday, December 10th, 2017

Saskatoon Blades VS Prince Albert Raiders

SaskTel Centre – 101-3515 Thatcher Ave

Time: 2:05 pm

Price: $19.00 - $31.00

Website: www.saskatoonblades.com

 

Ukrainian Christmas Buffet

Berry Barn – 830 Valley Road

Time: 4:30 pm & 6:00 pm Sittings

Price: Adults - $25.99, Senior - $24.99, Children (10 – 13) - $17.99, Children (9 & under) $1.00 per year

Website: berrybarn.ca

 

Ongoing

November 18th, 2017 – January 6th, 2018

BHP Billiton Enchanted Forest Holiday Light Tour

Saskatoon Forestry Farm Park & Zoo – 1903 Forest Dr

Time: 5:30 – 10:00 pm

Price: $10.00 per person, or $33.00 per car (7 people max)

Website: www.enchanted-forest.org

 

November 1st, 2017 – January 7th, 2018

Eaton’s Once Upon a Christmas Exhibit

Western Development Museum – 2610 Lorne Ave

Time: 9:00 am – 5:00 pm

Website: wdm.ca

 

November 29th – December 17th, 2017

Christmas Tree Theatre

Barn Playhouse – 25 km North of Saskatoon on Hwy 12.

Website: https://www.barnplayhouse.com/index.html

 

December 10th, 2017 – January 7th, 2018

Saskatoon Brewery & Tasting Tours

Saskatoon Farmers Market – 414 Ave B South

Time: 1:00 – 4:00 pm

Price: $77.99

Website: https://tinyurl.com/yd73oxrt

 

December 6th – 9th, 2017

Vegas Vacation a Rez Xmas Story (Remount)

Broadway Theatre – 715 Broadway Ave

Time: 8:00 pm and 2:00 on Saturday

Website: broadwaytheatre.ca

 

 

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Phone: 306-221-9221

345 4th Avenue South #210

Saskatoon, SK S7K 1N3

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