{"id":38241,"date":"2024-01-12T15:52:07","date_gmt":"2024-01-12T21:52:07","guid":{"rendered":"https:\/\/marlajanzen.com\/?p=38241"},"modified":"2024-04-16T12:42:39","modified_gmt":"2024-04-16T18:42:39","slug":"saskatoon-real-estate-december-2023-update","status":"publish","type":"post","link":"https:\/\/marlajanzen.com\/saskatoon-real-estate-december-2023-update\/","title":{"rendered":"Market Report of December 2023"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;52px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.23.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: left;\"><span><strong>December 2023<\/strong> marked a significant period for the <strong>Saskatoon<\/strong> real estate market, characterized by robust sales and tightening inventory levels. This blog post delves into the City of Saskatoon&#8217;s market report for December, highlighting the main trends and their implications for buyers, sellers, and investors.<\/span><\/p>\n<p style=\"text-align: justify;\">\n<h1>Key Highlights:<\/h1>\n<ul>\n<li><strong>Sales Overview: <\/strong>The city recorded 230 sales in December, a substantial 14% year-over-year increase. These figures are also 10% above the long-term 10-year averages, indicating a strong market during this period<span style=\"font-size: 16px;\">\u200b.<\/span><\/li>\n<li><strong>Inventory and Listings: <\/strong>Despite strong sales, there was a notable pullback in new listings. This led to a further decrease in inventory, which is now nearly 45% below the 10-year average, illustrating a tight market situation.<\/li>\n<li><strong>Price Trends: <\/strong>Tight market conditions have supported modest price growth. The benchmark price reported was $374,100, marking over a 5% increase from December 2022\u200b.<strong style=\"font-size: 16px;\"><\/strong><\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Stats<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_4,1_4,1_4,1_4&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||1rem||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef&#8221; custom_padding=&#8221;2rem|1rem|2rem|1rem|true|true&#8221; global_colors_info=&#8221;{%22gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef%22:%91%22background_color%22%93}&#8221;][et_pb_blurb title=&#8221;248&#8243; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe066;||fa||900&#8243; icon_color=&#8221;gcid-fc3e4255-1be2-4631-9339-1143ce41e12b&#8221; image_icon_width=&#8221;60px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|800|||||||&#8221; header_font_size=&#8221;36px&#8221; body_font=&#8221;|600||on|||||&#8221; image_icon_custom_margin=&#8221;||-15px||false|false&#8221; image_icon_custom_padding=&#8221;||0px||false|false&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{%22gcid-fc3e4255-1be2-4631-9339-1143ce41e12b%22:%91%22icon_color%22%93}&#8221;]New Listings<br \/>\n[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef&#8221; custom_padding=&#8221;2rem|1rem|2rem|1rem|true|true&#8221; global_colors_info=&#8221;{%22gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef%22:%91%22background_color%22%93}&#8221;][et_pb_blurb title=&#8221;230&#8243; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xf468;||fa||900&#8243; icon_color=&#8221;gcid-fc3e4255-1be2-4631-9339-1143ce41e12b&#8221; image_icon_width=&#8221;60px&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|800|||||||&#8221; header_font_size=&#8221;36px&#8221; body_font=&#8221;|600||on|||||&#8221; image_icon_custom_margin=&#8221;||-15px||false|false&#8221; image_icon_custom_padding=&#8221;||0px||false|false&#8221; text_orientation=&#8221;center&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{%22gcid-fc3e4255-1be2-4631-9339-1143ce41e12b%22:%91%22icon_color%22%93}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>Homes Sold<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef&#8221; custom_padding=&#8221;2rem|1rem|2rem|1rem|true|true&#8221; global_colors_info=&#8221;{%22gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef%22:%91%22background_color%22%93}&#8221;][et_pb_blurb title=&#8221;13.9%&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe07b;||divi||400&#8243; icon_color=&#8221;gcid-fc3e4255-1be2-4631-9339-1143ce41e12b&#8221; image_icon_width=&#8221;60px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|800|||||||&#8221; header_font_size=&#8221;36px&#8221; body_font=&#8221;|600||on|||||&#8221; image_icon_custom_margin=&#8221;||-15px||false|false&#8221; image_icon_custom_padding=&#8221;||0px||false|false&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{%22gcid-fc3e4255-1be2-4631-9339-1143ce41e12b%22:%91%22icon_color%22%93}&#8221;]Sales Year to Date Down<br \/>\n[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef&#8221; custom_padding=&#8221;2rem|1rem|2rem|1rem|true|true&#8221; global_colors_info=&#8221;{%22gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef%22:%91%22background_color%22%93}&#8221;][et_pb_blurb title=&#8221;6.8%&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe07c;||divi||400&#8243; icon_color=&#8221;gcid-fc3e4255-1be2-4631-9339-1143ce41e12b&#8221; image_icon_width=&#8221;60px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|800|||||||&#8221; header_font_size=&#8221;36px&#8221; body_font=&#8221;|600||on|||||&#8221; image_icon_custom_margin=&#8221;||-15px||false|false&#8221; image_icon_custom_padding=&#8221;||0px||false|false&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{%22gcid-fc3e4255-1be2-4631-9339-1143ce41e12b%22:%91%22icon_color%22%93}&#8221;]Inventory Year to Year Down<br \/>\n[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_4,1_4,1_4,1_4&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||1rem||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef&#8221; custom_padding=&#8221;2rem|1rem|2rem|1rem|true|true&#8221; global_colors_info=&#8221;{%22gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef%22:%91%22background_color%22%93}&#8221;][et_pb_blurb title=&#8221;$442,907&#8243; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe065;||fa||900&#8243; icon_color=&#8221;gcid-fc3e4255-1be2-4631-9339-1143ce41e12b&#8221; image_icon_width=&#8221;60px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|800|||||||&#8221; header_font_size=&#8221;36px&#8221; body_font=&#8221;|600||on|||||&#8221; image_icon_custom_margin=&#8221;||-15px||false|false&#8221; image_icon_custom_padding=&#8221;||0px||false|false&#8221; text_orientation=&#8221;center&#8221; custom_css_blurb_title=&#8221;white-space: nowrap !important;&#8221; global_colors_info=&#8221;{%22gcid-fc3e4255-1be2-4631-9339-1143ce41e12b%22:%91%22icon_color%22%93}&#8221;]Avg Price<br \/>\nSingle Family<br \/>\n[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef&#8221; custom_padding=&#8221;2rem|1rem|2rem|1rem|true|true&#8221; global_colors_info=&#8221;{%22gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef%22:%91%22background_color%22%93}&#8221;][et_pb_blurb title=&#8221;$303,914&#8243; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xf015;||fa||900&#8243; icon_color=&#8221;gcid-fc3e4255-1be2-4631-9339-1143ce41e12b&#8221; image_icon_width=&#8221;60px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|800|||||||&#8221; header_font_size=&#8221;36px&#8221; body_font=&#8221;|600||on|||||&#8221; image_icon_custom_margin=&#8221;||-15px||false|false&#8221; image_icon_custom_padding=&#8221;||0px||false|false&#8221; text_orientation=&#8221;center&#8221; custom_css_blurb_title=&#8221;white-space: nowrap !important;&#8221; global_colors_info=&#8221;{%22gcid-fc3e4255-1be2-4631-9339-1143ce41e12b%22:%91%22icon_color%22%93}&#8221;]Avg Price<br \/>\nTownhouse<br \/>\n[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef&#8221; custom_padding=&#8221;2rem|1rem|2rem|1rem|true|true&#8221; global_colors_info=&#8221;{%22gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef%22:%91%22background_color%22%93}&#8221;][et_pb_blurb title=&#8221;$225,585&#8243; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xf1ad;||fa||900&#8243; icon_color=&#8221;gcid-fc3e4255-1be2-4631-9339-1143ce41e12b&#8221; image_icon_width=&#8221;60px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|800|||||||&#8221; header_font_size=&#8221;36px&#8221; body_font=&#8221;|600||on|||||&#8221; image_icon_custom_margin=&#8221;||-15px||false|false&#8221; image_icon_custom_padding=&#8221;||0px||false|false&#8221; text_orientation=&#8221;center&#8221; custom_css_blurb_title=&#8221;white-space: nowrap !important;&#8221; global_colors_info=&#8221;{%22gcid-fc3e4255-1be2-4631-9339-1143ce41e12b%22:%91%22icon_color%22%93}&#8221;]Avg Price<br \/>\nCondominium<br \/>\n[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef&#8221; custom_padding=&#8221;2rem|1rem|2rem|1rem|true|true&#8221; global_colors_info=&#8221;{%22gcid-f95dd486-7df1-44a9-9c4c-421aa42030ef%22:%91%22background_color%22%93}&#8221;][et_pb_blurb title=&#8221;42&#8243; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe023;||divi||400&#8243; icon_color=&#8221;gcid-fc3e4255-1be2-4631-9339-1143ce41e12b&#8221; image_icon_width=&#8221;60px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|800|||||||&#8221; header_font_size=&#8221;36px&#8221; body_font=&#8221;|600||on|||||&#8221; image_icon_custom_margin=&#8221;||-15px||false|false&#8221; image_icon_custom_padding=&#8221;||0px||false|false&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{%22gcid-fc3e4255-1be2-4631-9339-1143ce41e12b%22:%91%22icon_color%22%93}&#8221;]Days on<br \/>\nMarket<br \/>\n[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.23.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p><span style=\"color: #333333;\"><span style=\"font-size: 30px;\">What does this mean for buyers and sellers?<\/span><\/span><\/p>\n<ul>\n<li><strong>Implications for Buyers:<\/strong> <span>The current market conditions, with low inventory and rising prices, suggest a competitive environment for buyers. It may be challenging to find desired properties, and buyers should be prepared for potential bidding scenarios.<\/span><\/li>\n<li><strong>Implications for Sellers:<\/strong> <span>Sellers are likely to find favorable conditions, with high demand and limited supply contributing to quicker sales and potentially higher selling prices.<\/span><\/li>\n<li><strong>Future Outlook:<\/strong> <span>The trends of December 2023 indicate a stable yet competitive market. Both buyers and sellers should keep an eye on inventory levels and pricing trends as they plan their real estate strategies.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.23.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span><span style=\"color: #d4af37;\">December 2023&#8217;s<\/span> real estate market in Saskatoon has been dynamic, with notable sales increases and tight inventory leading to price growth. Understanding these trends is crucial for making informed decisions in this active market.<\/span><\/p>\n<p>For more detailed information, analysis, and personalized advice on the Saskatoon real estate market, <a href=\"https:\/\/marlajanzen.com\/contact\/\">contact<\/a> me today. Stay ahead of the market trends with expert guidance.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>December 2023 marked a significant period for the Saskatoon real estate market, characterized by robust sales and tightening inventory levels. This blog post delves into the City of Saskatoon&#8217;s market report for December, highlighting the main trends and their implications for buyers, sellers, and investors. Key Highlights: Sales Overview: The city recorded 230 sales in [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":37970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<div id=\"lipsum\">\r\n\r\n\u00a0\r\n\r\n\u00a0\r\n\r\n<\/div>","_et_gb_content_width":"","footnotes":""},"categories":[1,126],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Saskatoon December 2023 Real Estate Update: Key Trends and Analysis<\/title>\n<meta name=\"description\" content=\"Uncover the latest insights in the December 2023 Saskatoon Real Estate Update. 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