Saskatoon was Canada’s 874th most expensive suburb by listed median house price this month.
With Saskatoon’s median house price at $364,900 in Apr , it is high priced compared to the rest of Saskatchewan.
Investors looking for properties in Saskatoon are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
This month we track 1st neighbourhoods in Saskatchewan, and Saskatoon has the 1st most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Saskatoon for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
With a median listing price of $257,450, Saskatoon is Canada’s 259th most expensive when ordered by median listing price.
The $257,450 price tag on the median Saskatoon home means that it is above the cost of most houses in the country.
How big are the houses being sold in Saskatoon? This month there are 103 one bedroom 364 two bedroom 61 three bedroom 20 four bedroom 7 five bedroom homes on the market.
According to our stats, Saskatoon is the neighbourhood that has the 1st most properties available to real estate investors in Saskatchewan.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Saskatoon needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Saskatoon there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.