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SASKATCHEWAN REAL ESTATE MARKETS FARE BETTER THAN
EXPECTED: poised to help boost provincial economy
May 5, 2020
For immediate release
COVID-19 has had significant economic impact across all sectors of the economy. Despite those
challenges, the Saskatchewan real estate market has been relatively resilient to date.
While Q1 new listings and average prices were down 4.4% and 0.2% respectively over last year, Q1
sales were up 7.0%. The true impact of the pandemic, however, was not going to begin to be felt until
April, and although activity was down, it was not down as much as anticipated.
Across the province, new listings were down 48.1% from April of last year while sales were down 45.1%.
This contrasts significantly from the SARS pandemic which saw transactions in some markets fall up to
72% and cease completely during COVID-19 in certain markets. Average home prices in April fell 3.2%
year-over-year which is consistent with the modest price decline experienced in other markets affected by
pandemics.
Evidence from prior pandemics suggest that transaction volumes return to normal quite quickly once
physical distancing measures are relaxed. The province is just beginning to re-open the economy and we
anticipate that “the real estate industry in Saskatchewan will likely emerge from this shutdown with only a
few cuts and scrapes,” said Saskatchewan REALTORS® Association CEO Jason Yochim.
Home sales produce approximately $54,000 in additional spinoff spending across multiple sectors of the
economy. Reduced restrictions on the home buying process have the potential to boost employment and
help the provincial economy to recover and offset some losses in other areas of the economy.
“The number of employment opportunities and essential economic activities that are created when a
home is bought or sold is significant,” said Yochim. “Sales that don’t occur during this pandemic will be
recovered once the province has opened up again.”
Saskatchewan REALTORS® have taken every action possible to protect public safety concerning COVID-
19 and recognized early on that business could not carry on as usual. The industry has worked hard to
develop and provide a significant amount of virtual resources for REALTORS® as well as buyers and sellers
which has proved to be invaluable while practicing social distancing.
Saskatoon
Sales in Saskatoon were down 43.9%, going from 380 in April 2019 to 213 in April 2020, and down 44.9%
in the overall region, going from 514 to 283. In Saskatoon, sales were 34.3% below the 5-year average
(and 40.5% below the 10-year average), while in the larger region, sales were 35.1% below the 5-year
average (and 42.9% below the 10-year average). Year-to-Date (YTD) sales in Saskatoon fell 10.8% over
last year, dropping from 1,048 to 935, while YTD sales in the larger region also fell 10.9%, going from
1,422 to 1,267.
Sales volume was down 44.2% in the city, going from $129.6M to $72.4M in 2020 (35.6% below the 5-
year average, and 42.9% below the 10-year average). YTD sales volume in the city was $312.2M, a
decrease of 9.0% from last year. In the region, sales volume was down 44.2%, going from $166.0M to
$92.7M (35.4% below the 5-year average and 42.7% below the 10-year average). YTD sales volume also
fell 9.6% in the region, going from $443.7M in 2019 to $401.3M in 2020.
The number of new listings in April 2020 fell from the number last year as well. In Saskatoon, new listings
fell 36.7%, going from 774 to 490 (36.1% below the 5-year average and 37.5% below the 10-year
average), while in the region the situation was even worse, with new listings falling 43.6% from 1,201 last
year to 677 this year. Active listings also fell 17.9% in Saskatoon (down from 1,781 to 1,463) and 16.4%
in the region (down from 3,240 to 2,708).
The sales to listing ratio was 43.5% in Saskatoon and 41.8% in the region suggesting somewhat
balanced market conditions in the area.
Homes in Saskatoon stayed on the market an average of 56 days in April—marking no change from 56
days last year (but still slightly above the 5-year average of 52 days and the 10-year average of 44).
Homes in the region stayed on the market somewhat longer than homes in the city at 67 days on average
in 2020, up modestly from an average of 65 days last year.
Median home prices in Saskatoon went from $332,000 to $320,000 (a decrease of 3.6%) and were
approximately 1.8% below the 5-year and 2.4% below the 10-year average median price. The MLS®
Home Price Index (HPI)—a more accurate measure of house price trends—was up 2.4% from $302,200
to $305,600. Median home prices in the region also fell 1.2%, going from $313,750 to $309,900 which is
2.1% below the 5-year and 2.1% below the 10-year average median price.
Regina
Sales in Regina were down 50.2%, going from 289 in April 2019 to 144 in April 2020, and down 51.0% in
the overall region, going from 349 to 171. In Regina, sales were 38.2% below the 5-year average (and
45.9% below the 10-year average), while in the larger region, sales were 37.7% below the 5-year average
(and 45.4% below the 10-year average). Year-to-Date (YTD) sales in Regina fell 23.6% over last year,
decreasing from 814 to 622, while YTD sales in the larger region also fell 21.2%, going from 946 to 745.
Sales volume was down 49.6% in the city, going from $87.1M to $43.9M in 2020 (39.8% below the 5-year
average, and 47.7% below the 10-year average). YTD sales volume in the city was $184.8M, a decrease
of 24.0% from last year. In the region, sales volume was down 50.6%, going from $103.8M to $51.3M
(40.1% above the 5-year average and 48.0% below the 10-year average). YTD sales volume also
decreased 19.8% in the region, falling from $280.1M in 2019 to $224.6M in 2020.
The number of new listings in April 2020 fell significantly from the number last year. In Regina, new
listings fell 50.8%, going from 581 to 286 (42.6% below the 5-year average and 44.1% below the 10-year
average), while in the region the situation was similar, with new listings falling 52.4% from 792 last year to
377 this year. Active listings also fell 17.0% in Regina (down from 1,457 to 1,209) and 17.1% in the region
(down from 2,046 to 1,697).
The sales to listing ratio was 50.3% in Regina and 45.4% in the region suggesting somewhat balanced
market conditions in the area.
Homes in Regina stayed on the market an average of 62 days in April—up a modest 1.6% from 61 days
last year (but still above the 5-year average of 52 days and the 10-year average of 41). Homes in the
region stayed on the market somewhat longer than homes in the city at 70 days on average in 2020, but
also down from an average of 66 days last year.
Median home prices in Regina went from $283,000 to $287,925 (an increase of 1.7%) and were
approximately 1.8% below the 5-year and 2.9% below the 10-year average median price. The MLS®
Home Price Index (HPI)—a more accurate measure of house price trends—was down 0.2% from
$271,300 to $271,100. Median home prices in the region also increased 0.7%, going from $283,000 to
$285,000 which is 2.1% below the 5-year and 3.4% below the 10-year average median price.
Melfort
Sales in Melfort were down 50.0%, going from 6 in April 2019 to 3 in April 2020, and down 65.0% in the
overall region, going from 20 to 7. In Melfort, sales were 58.3% below the 5-year average (and 65.1%
below the 10-year average), while in the larger region, sales were 59.8% below the 5-year average (and
66.0% below the 10-year average). Year-to-Date (YTD) sales in Melfort fell 54.5% over last year, going
from 22 to 10, while YTD sales in the larger region also fell 32.3%, going from 62 to 42.
Sales volume was down 64.9% in the city, going from $1.1M to $0.4M in 2020 (69.9% below the 5-year
average, and 75.8% below the 10-year average). YTD sales volume in the city was $2.0M, a decrease of
54.0% from last year. In the region, sales volume was down 69.2%, going from $2.6M to $0.8M (72.7%
below the 5-year average and 76.6% below the 10-year average). YTD sales volume also decreased
29.8% in the region, falling from $8.9M in 2019 to $6.3M in 2020.
The number of new listings in April 2020 fell significantly from the number last year. In Melfort, new
listings fell 50.0%, going from 16 to 8 (41.2% below the 5-year average and 52.9% below the 10-year
average), while in the region the situation was even worse, with new listings falling 61.1% from 72 last
year to 28 this year. Active listings also rose 1.8% in Melfort (up from 56 to 57) and 14.3% in the region
(down from 258 to 221). The sales to listing ratio was 37.5% in Melfort and 25.0% in the region
suggesting that the market favours sellers in the area.
Homes in Melfort stayed on the market an average of 118 days in April—down 24.8% from 157 days last
year (but still above the 5-year average of 93 days and the 10-year average of 91). Homes in the region
stayed on the market somewhat longer than homes in the city at 130 days on average in 2020, but also
down from an average of 164 days last year.
Median home prices in Melfort went from $222,850 to $130,000 (a decrease of 41.7%) and were
approximately 28.6% below the 5-year and 30.1% below the 10-year average median price. Median
home prices in the region also fell 11.9%, going from $115,750 to $102,000 which is 34.0% below the 5-
year and 34.3% below the 10-year average median price.
Moose Jaw
Sales in Moose Jaw were down 60.0%, going from 50 in April 2019 to 20 in April 2020, and down 39.0%
in the overall region, going from 59 to 36. In Moose Jaw, sales were 53.9% below the 5-year average
(and 58.3% below the 10-year average), while in the larger region, sales were 33.8% below the 5-year
average (and 40.3% below the 10-year average). Year-to-Date (YTD) sales in Moose Jaw fell 24.8% over
last year, going from 133 to 100, but YTD sales in the larger region only fell a modest 2.6%, going from
155 to 151.
Sales volume was down 68.1% in the city, going from $12.1M to $3.9M in 2020 (63.3% below the 5-year
average, and 67.3% below the 10-year average). YTD sales volume in the city was $21.5M, a decrease
of 32.0% from last year. In the region, sales volume was down 56.3%, going from $12.9M to $5.6M
(52.7% below the 5-year average and 58.4% below the 10-year average). YTD sales volume also fell
17.9% in the region, going from $34.2M in 2019 to $28.1M in 2020.
The number of new listings in April 2020 fell significantly from the number last year. In Moose Jaw, new
listings fell 61.0%, going from 123 to 48 (57.7% below the 5-year average and 60.0% below the 10-year
average), while in the region, new listings fell 58.8% from 182 last year to 75 this year. Active listings also
fell 25.1% in Moose Jaw (down from 334 to 250) and 17.6% in the region (down from 578 to 476).
The sales to listing ratio was 41.7% in Moose Jaw and 48% in the region suggesting somewhat balanced
market conditions in the area.
Homes in Moose Jaw stayed on the market an average of 63 days in April—down 13.7% from 73 days
last year (in line with the 5-year average of 64 days and the 10-year average of 58). Homes in the region
stayed on the market somewhat longer than homes in the city at 94 days on average in 2020, but also
increasing from an average of 87 days last year.
Median home prices in Moose Jaw went from $247,500 to $175,500 (a decrease of 29.1%) and were
approximately 21.1% below the 5-year and 22.6% below the 10-year average median price. Median
home prices in the region also fell 25.6%, going from $200,000 to $148,750 which is 24.2% below the 5-
year and 27.4% below the 10-year average median price.
North Battleford
Sales in North Battleford were up 16.7%, going from 12 in April 2019 to 14 in April 2020, but down 14.3%
in the overall region, going from 42 to 36. In North Battleford, sales were 28.6% below the 5-year average
(and 38.1% below the 10-year average), while in the larger region, sales were 25.9% below the 5-year
average (and 38.1% below the 10-year average). Year-to-Date (YTD) sales in North Battleford rose
54.8% over last year, increasing from 42 to 65, while YTD sales in the larger region also increased
25.2%, going from 123 to 154.
Sales volume was down a modest 1.7% in the city, going from $2.8M to $2.7M in 2020 (40.3% below the
5-year average, and 46.5% below the 10-year average). YTD sales volume in the city was $10.7M, an
increase of 28.9% from last year. In the region, sales volume was down 0.8%, going from $7.3M to $7.2M
(26.9% below the 5-year average and 38.1% below the 10-year average). YTD sales volume also
increased 29.2% in the region, rising from $21.2M in 2019 to $27.3M in 2020.
Although total sales and sales volume were up, the number of new listings in April 2020 fell significantly
from the number last year. In North Battleford, new listings fell 47.5%, going from 59 to 31 (45.8% below
the 5-year average and 46.8% below the 10-year average), while in the region the situation was slightly
better, with new listings only falling 44.4% from 169 last year to 94 this year. Active listings also fell 11.7%
in North Battleford (down from 213 to 188) but only 2.8% in the region (down from 759 to 738).
The sales to listing ratio was 45.2% in North Battleford suggesting balanced market conditions, and
38.3% in the region suggesting that conditions favoured sellers in the larger region.
Homes in North Battleford stayed on the market an average of 84 days in April—down 26.3% from 114
days last year (and in line with the 5-year average of 85 days but still above the 10-year average of 66).
Homes in the region stayed on the market somewhat longer than homes in the city at 106 days on
average in 2020, but also down from an average of 110 days last year.
Median home prices in North Battleford went from $233,500 to $202,450 (a decrease of 13.3%) and were
approximately 9.4% below the 5-year and 6.8% below the 10-year average median price. Median home
prices in the region also increased 37.3%, going from $147,500 to $202,450 which is 9.1% above the 5-
year and 7.2% above the 10-year average median price.
Despite losses in other markets across the province, North Battleford and the region saw several gains,
proving that real estate is truly local. YTD sales and sale volume were all up, as were median home
prices in the region.
Prince Albert
Sales in Prince Albert were down 38.5%, going from 39 in April 2019 to 24 in April 2020, and down 41.2%
in the overall region, going from 68 to 40. In Prince Albert, sales were 35.8% below the 5-year average
(and 43.0% below the 10-year average), while in the larger region, sales were 31.0% below the 5-year
average (and 37.9% below the 10-year average). Year-to-Date (YTD) sales in Prince Albert fell 9.0% over
last year, going from 89 to 81, while YTD sales in the larger region fell 21.5%, going from 163 to 128.
Sales volume was down 51.7% in the city, going from $8.6M to $4.2M in 2020 (48.6% below the 5-year
average, and 55.0% below the 10-year average). YTD sales volume in the city was $15.7M, a decrease
of 13.9% from last year. In the region, sales volume was down 44.4%, going from $14.1M to $7.8M
(39.7% below the 5-year average and 45.6% below the 10-year average). YTD sales volume also fell
22.5% in the region, going from $32.5M in 2019 to $25.2M in 2020.
The number of new listings in April 2020 fell from the number last year. In Prince Albert, new listings were
down 23.2%, going from 69 to 53 (28.4% below the 5-year average and 39.2% below the 10-year
average), while in the region, new listings fell 36.0% from 172 last year to 110 this year. Active listings
also fell 4.0% in Prince Albert (down from 276 to 265) and 12.8% in the region (down from 670 to 584).
The sales to listing ratio was 45.3% in Prince Albert suggesting balanced market conditions, while in the
region, the sales to listing ratio was 36.4%, suggesting that conditions favour sellers.
Homes in Prince Albert stayed on the market an average of 105 days in April—up a significant 52.2%
from 69 days last year (and well above the 5-year average of 88 days and the 10-year average of 80
days). Homes in the region stayed on the market somewhat longer than homes in the city at 125 days on
average in 2020, also up significantly from an average of 87 days last year.
Median home prices in Prince Albert went from $199,900 to $156,584 (a decrease of 21.7%) and were
approximately 23.6% below the 5-year and 27.0% below the 10-year average median price. Median
home prices in the region also decreased 2.3%, falling from $194,500 to $190,000 which is 10.5% below
the 5-year and 10.6% below the 10-year average median price.
Swift Current
Sales in Swift Current were down 51.6%, going from 31 in April 2019 to 15 in April 2020, and down 42.9%
in the overall region, going from 42 to 24. In Swift Current, sales were 40.5% below the 5-year average
(and 42.5% below the 10-year average), while in the larger region, sales were 40.0% below the 5-year
average (and 45.1% below the 10-year average). Year-to-Date (YTD) sales in Swift Current fell 7.0% over
last year, falling from 71 to 66, while YTD sales in the larger region also decreased 10.4%, going from
115 to 103.
Sales volume was down 63.6% in the city, going from $9.2M to $3.3M in 2020 (52.2% below the 5-year
average, and 51.6% below the 10-year average). YTD sales volume in the city was $15.1M, a decrease
of 17.7% from last year. In the region, sales volume was down 53.4%, going from $10.4M to $4.9M
(45.4% above the 5-year average and 47.7% below the 10-year average). YTD sales volume also
decreased 16.0% in the region, falling from $23.7M in 2019 to $19.9M in 2020.
The number of new listings in April 2020 fell from last year. In Swift Current, new listings fell 52.1%, going
from 73 to 35 (34.9% below the 5-year average and 33.3% below the 10-year average), while in the
region, with new listings fell 55.4% from 139 last year to 62 this year. Active listings also fell 22.5% in
Swift Current (down from 244 to 189) and 16.3% in the region (down from 565 to 473).
The sales to listing ratio was 42.9% in Swift Current suggesting balanced market conditions, while in the
region, the sales to listing ratio was 38.7%, suggesting that conditions favour sellers.
Homes in Swift Current stayed on the market an average of 106 days in April—an increase of 47.2% from
72 days last year (and above the 5-year average of 84 days and the 10-year average of 76). Homes in
the region stayed on the market somewhat longer than homes in the city at 127 days on average in 2020,
also up from an average of 85 days last year.
Median home prices in Swift Current went from $292,500 to $212,500 (a decrease of 27.4%) and were
approximately 16.5% below the 5-year and 12.4% below the 10-year average median price. Median
home prices in the region also fell 23.7%, going from $253,000 to $193,000 which is 8.0% below the 5-
year and 3.7% below the 10-year average median price.
Yorkton
Sales in Yorkton were down 28.6%, going from 21 in April 2019 to 15 in April 2020, and down 22.7% in
the overall region, going from 66 to 51. In Yorkton, sales were 12.8% below the 5-year average (and
26.5% below the 10-year average), while in the larger region, sales were 15.6% below the 5-year average
(and 25.7% below the 10-year average). Year-to-Date (YTD) sales in Yorkton rose 9.1% over last year,
increasing from 44 to 48, while YTD sales in the larger region only fell a modest 0.6%, going from 180 to
179.
Sales volume was down 47.4% in the city, going from $5.5M to $2.9M in 2020 (23.0% below the 5-year
average, and 36.1% below the 10-year average). YTD sales volume in the city was $9.2M, a decrease of
20.0% from last year. In the region, sales volume was down 45.4%, going from $12.4M to $6.8M (31.6%
below the 5-year average and 41.0% below the 10-year average). YTD sales volume also fell 16.9% in
the region, going from $28.7M in 2019 to $23.9M in 2020.
The number of new listings in April 2020 fell from the number last year. In Yorkton, new listings fell
37.5%, going from 48 to 30 (32.7% below the 5-year average and 23.5% below the 10-year average),
while in the region new listings fell 45.0% from 220 last year to 121 this year. Active listings also fell 9.3%
in Yorkton (down from 193 to 175) and 6.6% in the region (down from 1,032 to 964).
The sales to listing ratio was 50% in Yorkton and 42.1% in the region suggesting somewhat balanced
market conditions in the area.
Homes in Yorkton stayed on the market an average of 112 days in April—up 36.6% from 82 days last
year (and above the 5-year and the 10-year averages of 88 days). Homes in the region stayed on the
market somewhat longer than homes in the city at 142 days on average in 2020, also up from an average
of 114 days last year.
Median home prices in Yorkton went from $215,777 to $202,000 (a decrease of 6.4%) and were
approximately 3.3% above the 5-year median price, but 0.7% below the 10-year average median price.
Median home prices in the region fell 34.2%, going from $162,500 to $107,000 which is 25.5% below the
5-year and 27.9% below the 10-year average median price.
South East Saskatchewan
Sales in south east Saskatchewan were down 68.0%, going from 50 in April 2019 to 16 in April 2020,
down 56.0% from the 5-year average (and 66.9% below the 10-year average). The total number of sales
fell 73.3% in both Estevan and Weyburn (with sales going from 15 to 4).
Sales in Estevan were 60.8% below the 5-year average (and 75.3% below the 10-year average), while
they were 66.1% below the 5-year average (and 73.3% below the 10-year average) in Weyburn. Year-to-
Date (YTD) sales in the overall region were down 7.3%, going from 109 to 101, with YTD sales in
Estevan rising from 25 to 27, but falling 33.3% in Weyburn, going from 36 to 24.
Sales volume in the region fell 67.6%, going from $8.9M to $2.9M in 2020 (61.3% below the 5-year
average and 74.7% below the 10-year average). Sales volume in Estevan fell 56.1%—$3M to $1.3M in
2020 (48.2% below the 5-year average and 71.0% below the 10-year average), while it decreased 79.3%
in Weyburn—$3.4M to $0.7M (74.8% below the 5-year average and 82.5% below the 10-year average).
YTD sales volume in the region fell from $20.7M to $17.9M in 2020 (a decrease of 13.8%), with Estevan
seeing a modest fall of 0.9% and Weyburn seeing a dramatic 40.1% drop in sales volume.
The number of new listings in south east Saskatchewan fell 56.3%, going from 151 to 66 (50.6% below
the 5-year average and 52.5% below the 10-year average). The number of new listings in Estevan were
up from 41 last year to 11 this year (a fall of 73.2%), while in Weyburn, new listings decreased from 30
last year to 15 this year (a fall of 50.0%). Active listings were down across the region—12.9% in the
region (843 in 2019 to 734 in 2020), 32.7% in Estevan (211 to 142), and 17.6% in Weyburn (188 to 155).
The sales to listing ratio was 24.2% in the region, 36.4% in Estevan, and 26.7% in Weyburn suggesting
that market conditions favour sellers now.
In 2020, homes stayed on the market an average of 111 in the region, down 14.6%, from 130 days last
year to 111 (but still slightly above the 5-year average of 118 days but below the 10-year average of 96).
In Estevan, homes stayed on the market an average of 96 days (less than the 134 days last year and less
than the 5-year average of 112 days, but slightly more than the 10-year average of 90 days), while in
Weyburn, homes stayed on the market an average of 108 days (less than the 144 days last year and less
than the 5-year average of 128 days, but more than the 10-year average of 101 days).
Median home prices in the region fell 4.2%, going from $180,000 to $172,500 (13.6% below the 5-year
average median price of $199,540 and 19.4% below the 10-year average median price of $214,085). In
Estevan, median home prices were up 46.7%, going from $211,250 to $310,000 (18.6% above the 5-year
average median price of $261,450 and 14.8% above the 10-year average median price of $270,065),
while in Weyburn, median home prices were down 22.6%, going from $237,000 to $183,500 (18.3%
below the 5-year average median price of $224,585 and 23.5% below the 10-year average median price
of $239,952).
-30-
For interviews and more information:
Samantha Krahn
Director of External & Government Relations
Saskatchewan REALTORS® Association
samantha@sra.ca
306.229.4048
Year-Over-Year Residential Housing Statistics for April
Saskatoon Saskatoon Region
#
Sales
Sales
Volume
Sales
Price
# New
Listings
Sales
to List
Days to
Sell
#
Sales
Sales Volume Sales
Price
# New
Listings
Sales
to List
Days
to Sell
April 2020 213 $72.4M $320,000 490 43.5 56 283 $92.7M $309,900 677 41.8 67
April 2019 380 $129.6M $332,000 774 49.1 56 514 $166.0M $313,750 1201 42.8 65
y/y% Chg (43.9) (44.2) 3.6 (36.7) (11.5) 0 (44.9) (44.2) (1.2) (43.6) (2.3) 3.1
2020 YTD 935 $312.2M --- --- --- --- 1267 $401.3M --- --- --- ---
2019 YTD 1048 $343.0M --- --- --- --- 1422 $443.7M --- --- --- ---
y/y% Chg (10.8) (9.0) --- --- --- --- (10.9) (9.6) --- --- --- ---
5-Year Avg 324 $112.3M $326,000 767.2 42.5 52 436 $143.4M $316,420 1150 38.4 60
2020/Avg % Diff (34.3) (35.6) (1.8) (36.1) 2.3 8.1 (35.1) (35.4) (2.1) (41.1) 9.0 11.7
10-Year Avg 358.1 $126.8M $327,985 784 46.2 44 496 $161.8M $316,675 1160 43.2 52.9
2020/Avg % Diff (40.5) (42.9) (2.4) (37.5) (5.9) 26.1 (42.9) (42.7) (2.1) (41.7) (3.2) 26.7
Regina Regina Region
#
Sales
Sales Volume Sales
Price
# New
Listings
Sales
to List
Days
to Sell
#
Sales
Sales Volume Sales
Price
# New
Listings
Sales
to List
Days
to Sell
April 2020 144 $43.9M $287,925 286 50.3 62 171 $51.3M $285,000 377 45.4 70
April 2019 289 $87.1M $283,000 581 49.7 61 349 $103.8M $283,000 792 44.1 66
y/y% Chg (50.2) (49.6) 1.7 (50.8) 1.2 1.6 (51.0) (50.6) 0.7 (52.4) 2.9 6.1
2020 YTD 622 $184.8M --- --- --- --- 745 $224.6M --- --- --- ---
2019 YTD 814 $243.1M --- --- --- --- 946 $280.1M --- --- --- ---
y/y% Chg (23.6) (24.0) --- --- --- --- (21.2) (19.8) --- --- --- ---
5-Year Avg 233 $73.0M $293,185 498 47.2 52 274 $85.6M $290,990 668 41.5 56
2020/Avg % Diff (38.2) (39.8) (1.8) (42.6) 6.6 19.7 (37.7) (40.1) (2.1) (43.5) 9.3 25.0
10-Year Avg 266.2 $84.0M $296,571 511 53.2 41 313 $98.6M $295,085 673 47.5 46
2020/Avg % Diff (45.9) (47.7) (2.9) (44.1) (5.4) 49.8 (45.4) (48.0) (3.4) (43.9) (4.5) 53.2
Year-Over-Year Residential Housing Statistics for April (continued)
Melfort Melfort Region
# Sales Sales
Volume
Sales
Price
# New
Listings
Sales to
List
Days
to Sell
# Sales Sales
Volume
Sales
Price
# New
Listings
Sales to
List
Days
to Sell
April 2020 3 $0.4M $130,000 8 37.5 118 7 $0.8M $102,000 28 25.0 130
April 2019 6 $1.1M $222,850 16 37.5 157 20 $2.6M $115,750 72 27.8 164
y/y% Chg (50.0) (64.9) (41.7) (50.0) 0.0 (24.8) (65.0) (69.2) (11.9) (61.1) (10.0) (20.7)
2020 YTD 10 $2.0M --- --- --- --- 42 $6.3M --- --- --- ---
2019 YTD 22 $4.3M --- --- --- --- 62 $8.9M --- --- --- ---
y/y% Chg (54.5) (54.0) --- --- --- --- (32.3) (29.8) --- --- --- ---
5-Year Avg 7 $1.3M $181,970 13.6 52.6 93 17 $3.0M $154,500 51.6 33.5 118
2020/Avg % Diff (58.3) (69.9) (28.6) (41.2) (28.7) 27.4 (59.8) (72.7) (34.0) (45.7) (25.4) 9.8
10-Year Avg 9 $1.6M $185,885 17 51.9 91 21 $3.5M $155,300 54 38.7 110
2020/Avg % Diff (65.1) (75.8) (30.1) (52.9) (27.8) 29.7 (66.0) (76.6) (34.3) (48.1) (35.4) 18.4
Moose Jaw Moose Jaw Region
#
Sales
Sales
Volume
Sales
Price
# New
Listings
Sales to
List
Days
to Sell
# Sales Sales
Volume
Sales
Price
# New
Listings
Sales to
List
Days
to Sell
April 2020 20 $3.9M $175,500 48 41.7 63 36 $5.6M $148,750 75 48.0 94
April 2019 50 $12.1M $247,500 123 40.7 73 59 $12.9M $200,000 182 32.4 87
y/y% Chg (60.0) (68.1) (29.1) (61.0) 2.5 (13.7) (39.0) (56.3) (25.6) (58.8) 48.1 8.0
2020 YTD 100 $21.5M --- --- --- --- 151 $28.0M --- --- --- ---
2019 YTD 133 $31,.6M --- --- --- --- 155 $34.1M --- --- --- ---
y/y% Chg (24.8) (32.0) --- --- --- --- (2.6) (17.9) --- --- --- ---
5-Year Avg 43 $10.5M $222,500 113 39.2 64 54 $11.9M $196,200 159 36.1 79
2020/Avg % Diff (53.9) (63.3) (21.1) (57.7) 6.3 (1.3) (33.8) (52.7) (24.2) (52.7) 32.8 18.7
10-Year Avg 48 $11.8M $226,825 120 41.0 58 60 $13.6M $205,025 163 38.1 70
2020/Avg % Diff (58.3) (67.3) (22.6) (60.0) 1.6 9.2 (40.3) (58.4) (27.4) (54.0) 25.8 33.7
Year-Over-Year Residential Housing Statistics for April (continued)
North Battleford North Battleford Region
#
Sales
Sales
Volume
Sales
Price
# New
Listings
Sales
to List
Days
to Sell
#
Sales
Sales
Volume
Sales
Price
# New
Listings
Sales
to List
Days
to Sell
April 2020 14 $2.7M $202,450 31 45.2 84 36 $7,.2M $202,450 94 38.3 106
April 2019 12 $2.8M $233,500 59 20.3 114 42 $7.3M $147,500 169 24.9 110
y/y% Chg 16.7 (1.7) (13.3) (47.5) 122.0 (26.3) (14.3) (0.8) 37.3 (44.4) 54.1 (3.6)
2020 YTD 65 $10.7M --- --- --- --- 154 $27.3M --- --- --- ---
2019 YTD 42 $8.3M --- --- --- --- 123 $21.1M --- --- --- ---
y/y% Chg 55 28.9 --- --- --- --- 25 29.2 --- --- --- ---
5-Year Avg 20 $4.6M $223,490 57 34.8 85 49 $9.9M $185,590 167 29.7 107
2020/Avg % Diff (28.6) (40.3) (9.4) (45.8) 29.8 (1.2) (25.9) (26.9) 9.1 (43.8) 29.1 (0.6)
10-Year Avg 23 $5.1M $217,240 58 38.8 66 58 $11.7M $188,770 169 34.8 90
2020/Avg % Diff (38.1) (46.5) (6.8) (46.8) 16.3 27.9 (38.1) (38.1) 7.2 (44.2) 10.1 17.8
Prince Albert Prince Albert Region
#
Sales
Sales
Volume
Sales
Price
# New
Listings
Sales
to List
Days
to Sell
#
Sales
Sales
Volume
Sales
Price
# New
Listings
Sales to
List
Days to
Sell
April 2020 24 $4.2M $156,584 53 45.3 105 40 $7.8M $190,000 110 36.4 125
April 2019 39 $8.6M $199,900 69 56.5 69 68 $14.1M $194,500 172 39.5 87
y/y% Chg (38.5) (51.7) (21.7) (23.2) (19.9) 52.2 (41.2) (44.4) (2.3) (36.0) (8.0) 43.7
2020 YTD 81 $15.7M --- --- --- --- 128 $25.1M --- --- --- ---
2019 YTD 89 $18.3M --- --- --- --- 163 $32.5M --- --- --- ---
y/y% Chg (9.0) (13.9) --- --- --- --- (21.5) (22.5) --- --- --- ---
5-Year Avg 37 $8.1M $205,077 74 50.0 88 58 $13.0M $212,400 164 35.3 105
2020/Avg % Diff (35.8) (48.6) (23.6) (28.4) (9.5) 19.9 (31.0) (39.7) (10.5) (32.8) 3.1 18.6
10-Year Avg 42 $9.2M $214,463 87 48.7 80 64.4 $14.4M $212,425 175 37.1 95
2020/Avg % Diff (43.0) (55.0) (27.0) (39.2) (7.0) 31.6 (37.9) (45.6) (10.6) (37.1) (1.9) 32.0
Year-Over-Year Residential Housing Statistics for April (continued)
Swift Current Swift Current Region
# Sales Sales
Volume
Sales
Price
# New
Listings
Sales
to List
Days
to
Sell
# Sales Sales
Volume
Sales
Price
# New
Listings
Sales to
List
Days
to Sell
April 2020 15 $3.3M $212,500 35 42.9 106 24 $4.9M $193,000 62 38.7 127
April 2019 31 $9.2M $292,500 73 42.5 72 42 $10.4M $253,000 139 30.2 85
y/y% Chg (51.6) (63.6) (27.4) (52.1) 0.9 47.2 (42.9) (53.4) (23.7) (55.4) 28.1 49.4
2020 YTD 66 $15.1M --- --- --- --- 103 $19.9M --- --- --- ---
2019 YTD 71 $18.4M --- --- --- --- 115 $23.7M --- --- --- ---
y/y% Chg (7.0) (17.7) --- --- --- --- (10.4) (16.0) --- --- --- ---
5-Year Avg 25 $7.0M $254,600 53.8 46.8 84 40 $8.9M $209,690 106 38.2 98
2020/Avg % Diff (40.5) (52.2) (16.5) (34.9) (8.4) 25.9 (40.0) (45.4) (8.0) (41.6) 1.4 29.1
10-Year Avg 26 $6.9M $242,450 52.5 50.1 76 44 $9.3M $200,435 108 40.7 94
2020/Avg % Diff (42.5) (51.6) (12.4) (33.3) (14.5) 40.0 (45.1) (47.7) (3.7) (42.7) (4.9) 35.7
Yorkton Yorkton Region
#
Sales
Sales Volume Sales
Price
# New
Listings
Sales
to List
Days
to Sell
#
Sales
Sales Volume Sales
Price
# New
Listings
Sales
to List
Days to
Sell
April 2020 15 $2.9M $202,000 30 50.0 112 51 $6.8M $107,000 121 42.1 142
April 2019 21 $5.5M $215,777 48 43.8 82 66 $12.4M $162,500 220 30.0 114
y/y% Chg (28.6) (47.4) (6.4) (37.5) 14.3 36.6 (22.7) (45.4) (34.2) (45.0) 40.5 24.6
2020 YTD 48 $9.2M --- --- --- --- 179 $23.9M --- --- --- ---
2019 YTD 44 $11.6M --- --- --- --- 180 $28.7M --- --- --- ---
y/y% Chg 9.1 (20.0) --- --- --- --- (0.6) (16.9) --- --- --- ---
5-Year Avg 17 $3.8M $195,585 45 40.4 88 60 $9.9M $143,650 200.4 31.2 119
2020/Avg % Diff (12.8) (23.0) 3.3 (32.7) 23.8 27.3 (15.6) (31.6) (25.5) (39.6) 34.9 18.9
10-Year Avg 20 $4.6M $203,443 39 56.6 88 69 $11.5M $148,500 178.6 40.2 111
2020/Avg % Diff (26.5) (36.1) (0.7) (23.5) (11.6) 27.1 (25.7) (41.0) (27.9) (32.3) 4.8 28.2
Year-Over-Year Residential Housing Statistics for April (continued)
Estevan Weyburn
#
Sales
Sales
Volume
Sales
Price
# New
Listings
Sales
to List
Days to
Sell
# Sales Sales
Volume
Sales
Price
# New
Listings
Sales to
List
Days to
Sell
April 2020 4 $1.3M $310,000 11 36.4 96 4 $0.7M $183,500 15 26.7 108
April 2019 15 $3.0M $211,250 41 36.6 134 15 $3.4M $237,000 30 50.0 144
y/y% Chg (73.3) (56.1) 46.7 (73.2) (0.6) (28.4) (73.3) (79.3) (22.6) (50.0) (46.7) (25.0)
2020 YTD 27 $5.2M --- --- --- --- 24 $5.1M --- --- --- ---
2019 YTD 25 $5.2M --- --- --- --- 36 $8.5M --- --- --- ---
y/y% Chg 8.0 (0.9) --- --- --- --- (33.3) (40.1) --- --- --- ---
5-Year Avg 10 $2.5M $261,450 29 35.8 112 12 $2.8M $224,585 35 34.2 128
2020/Avg % Diff (60.8) (48.2) 18.6 (62.3) 1.7 (14.3) (66.1) (74.8) (18.3) (56.9) (22.1) (15.6)
10-Year Avg 16 $4.5M $270,065 35 47.4 90 15 $4.0M $239,953 38 41.1 101
2020/Avg % Diff (75.3) (71.0) 14.8 (68.7) (23.3) 6.5 (73.3) (82.5) (23.5) (60.3) (35.2) 7.4
South East Saskatchewan
# Sales Sales Volume Sales
Price
# New
Listings
Sales to
List
Days to
Sell
April 2020 16 $2.9M $172,500 66 24.2 111
April 2019 50 $8.9M $180,000 151 33.1 130
y/y% Chg (68.0) (67.6) (4.2) (56.3) (26.8) (14.6)
2020 YTD 101 $17.9M --- --- --- ---
2019 YTD 109 $20.7M --- --- --- ---
y/y% Chg (7.3) (13.8) --- --- --- ---
5-Year Avg 36 $7.4M $199,540 134 26.7 118
2020/Avg % Diff (56.0) (61.3) (13.6) (50.6) (9.3) (5.8)
10-Year Avg 48 $11.3M $214,085 139 34.7 96
2020/Avg % Diff (66.9) (74.7) (19.4) (52.5) (30.1) 16.2

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SRA Market Update - April 2020

  • 1. SASKATCHEWAN REAL ESTATE MARKETS FARE BETTER THAN EXPECTED: poised to help boost provincial economy May 5, 2020 For immediate release COVID-19 has had significant economic impact across all sectors of the economy. Despite those challenges, the Saskatchewan real estate market has been relatively resilient to date. While Q1 new listings and average prices were down 4.4% and 0.2% respectively over last year, Q1 sales were up 7.0%. The true impact of the pandemic, however, was not going to begin to be felt until April, and although activity was down, it was not down as much as anticipated. Across the province, new listings were down 48.1% from April of last year while sales were down 45.1%. This contrasts significantly from the SARS pandemic which saw transactions in some markets fall up to 72% and cease completely during COVID-19 in certain markets. Average home prices in April fell 3.2% year-over-year which is consistent with the modest price decline experienced in other markets affected by pandemics. Evidence from prior pandemics suggest that transaction volumes return to normal quite quickly once physical distancing measures are relaxed. The province is just beginning to re-open the economy and we anticipate that “the real estate industry in Saskatchewan will likely emerge from this shutdown with only a few cuts and scrapes,” said Saskatchewan REALTORS® Association CEO Jason Yochim. Home sales produce approximately $54,000 in additional spinoff spending across multiple sectors of the economy. Reduced restrictions on the home buying process have the potential to boost employment and help the provincial economy to recover and offset some losses in other areas of the economy. “The number of employment opportunities and essential economic activities that are created when a home is bought or sold is significant,” said Yochim. “Sales that don’t occur during this pandemic will be recovered once the province has opened up again.” Saskatchewan REALTORS® have taken every action possible to protect public safety concerning COVID- 19 and recognized early on that business could not carry on as usual. The industry has worked hard to develop and provide a significant amount of virtual resources for REALTORS® as well as buyers and sellers which has proved to be invaluable while practicing social distancing. Saskatoon Sales in Saskatoon were down 43.9%, going from 380 in April 2019 to 213 in April 2020, and down 44.9% in the overall region, going from 514 to 283. In Saskatoon, sales were 34.3% below the 5-year average (and 40.5% below the 10-year average), while in the larger region, sales were 35.1% below the 5-year average (and 42.9% below the 10-year average). Year-to-Date (YTD) sales in Saskatoon fell 10.8% over last year, dropping from 1,048 to 935, while YTD sales in the larger region also fell 10.9%, going from 1,422 to 1,267. Sales volume was down 44.2% in the city, going from $129.6M to $72.4M in 2020 (35.6% below the 5- year average, and 42.9% below the 10-year average). YTD sales volume in the city was $312.2M, a decrease of 9.0% from last year. In the region, sales volume was down 44.2%, going from $166.0M to
  • 2. $92.7M (35.4% below the 5-year average and 42.7% below the 10-year average). YTD sales volume also fell 9.6% in the region, going from $443.7M in 2019 to $401.3M in 2020. The number of new listings in April 2020 fell from the number last year as well. In Saskatoon, new listings fell 36.7%, going from 774 to 490 (36.1% below the 5-year average and 37.5% below the 10-year average), while in the region the situation was even worse, with new listings falling 43.6% from 1,201 last year to 677 this year. Active listings also fell 17.9% in Saskatoon (down from 1,781 to 1,463) and 16.4% in the region (down from 3,240 to 2,708). The sales to listing ratio was 43.5% in Saskatoon and 41.8% in the region suggesting somewhat balanced market conditions in the area. Homes in Saskatoon stayed on the market an average of 56 days in April—marking no change from 56 days last year (but still slightly above the 5-year average of 52 days and the 10-year average of 44). Homes in the region stayed on the market somewhat longer than homes in the city at 67 days on average in 2020, up modestly from an average of 65 days last year. Median home prices in Saskatoon went from $332,000 to $320,000 (a decrease of 3.6%) and were approximately 1.8% below the 5-year and 2.4% below the 10-year average median price. The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—was up 2.4% from $302,200 to $305,600. Median home prices in the region also fell 1.2%, going from $313,750 to $309,900 which is 2.1% below the 5-year and 2.1% below the 10-year average median price. Regina Sales in Regina were down 50.2%, going from 289 in April 2019 to 144 in April 2020, and down 51.0% in the overall region, going from 349 to 171. In Regina, sales were 38.2% below the 5-year average (and 45.9% below the 10-year average), while in the larger region, sales were 37.7% below the 5-year average (and 45.4% below the 10-year average). Year-to-Date (YTD) sales in Regina fell 23.6% over last year, decreasing from 814 to 622, while YTD sales in the larger region also fell 21.2%, going from 946 to 745. Sales volume was down 49.6% in the city, going from $87.1M to $43.9M in 2020 (39.8% below the 5-year average, and 47.7% below the 10-year average). YTD sales volume in the city was $184.8M, a decrease of 24.0% from last year. In the region, sales volume was down 50.6%, going from $103.8M to $51.3M (40.1% above the 5-year average and 48.0% below the 10-year average). YTD sales volume also decreased 19.8% in the region, falling from $280.1M in 2019 to $224.6M in 2020. The number of new listings in April 2020 fell significantly from the number last year. In Regina, new listings fell 50.8%, going from 581 to 286 (42.6% below the 5-year average and 44.1% below the 10-year average), while in the region the situation was similar, with new listings falling 52.4% from 792 last year to 377 this year. Active listings also fell 17.0% in Regina (down from 1,457 to 1,209) and 17.1% in the region (down from 2,046 to 1,697). The sales to listing ratio was 50.3% in Regina and 45.4% in the region suggesting somewhat balanced market conditions in the area. Homes in Regina stayed on the market an average of 62 days in April—up a modest 1.6% from 61 days last year (but still above the 5-year average of 52 days and the 10-year average of 41). Homes in the region stayed on the market somewhat longer than homes in the city at 70 days on average in 2020, but also down from an average of 66 days last year. Median home prices in Regina went from $283,000 to $287,925 (an increase of 1.7%) and were approximately 1.8% below the 5-year and 2.9% below the 10-year average median price. The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—was down 0.2% from $271,300 to $271,100. Median home prices in the region also increased 0.7%, going from $283,000 to $285,000 which is 2.1% below the 5-year and 3.4% below the 10-year average median price.
  • 3. Melfort Sales in Melfort were down 50.0%, going from 6 in April 2019 to 3 in April 2020, and down 65.0% in the overall region, going from 20 to 7. In Melfort, sales were 58.3% below the 5-year average (and 65.1% below the 10-year average), while in the larger region, sales were 59.8% below the 5-year average (and 66.0% below the 10-year average). Year-to-Date (YTD) sales in Melfort fell 54.5% over last year, going from 22 to 10, while YTD sales in the larger region also fell 32.3%, going from 62 to 42. Sales volume was down 64.9% in the city, going from $1.1M to $0.4M in 2020 (69.9% below the 5-year average, and 75.8% below the 10-year average). YTD sales volume in the city was $2.0M, a decrease of 54.0% from last year. In the region, sales volume was down 69.2%, going from $2.6M to $0.8M (72.7% below the 5-year average and 76.6% below the 10-year average). YTD sales volume also decreased 29.8% in the region, falling from $8.9M in 2019 to $6.3M in 2020. The number of new listings in April 2020 fell significantly from the number last year. In Melfort, new listings fell 50.0%, going from 16 to 8 (41.2% below the 5-year average and 52.9% below the 10-year average), while in the region the situation was even worse, with new listings falling 61.1% from 72 last year to 28 this year. Active listings also rose 1.8% in Melfort (up from 56 to 57) and 14.3% in the region (down from 258 to 221). The sales to listing ratio was 37.5% in Melfort and 25.0% in the region suggesting that the market favours sellers in the area. Homes in Melfort stayed on the market an average of 118 days in April—down 24.8% from 157 days last year (but still above the 5-year average of 93 days and the 10-year average of 91). Homes in the region stayed on the market somewhat longer than homes in the city at 130 days on average in 2020, but also down from an average of 164 days last year. Median home prices in Melfort went from $222,850 to $130,000 (a decrease of 41.7%) and were approximately 28.6% below the 5-year and 30.1% below the 10-year average median price. Median home prices in the region also fell 11.9%, going from $115,750 to $102,000 which is 34.0% below the 5- year and 34.3% below the 10-year average median price. Moose Jaw Sales in Moose Jaw were down 60.0%, going from 50 in April 2019 to 20 in April 2020, and down 39.0% in the overall region, going from 59 to 36. In Moose Jaw, sales were 53.9% below the 5-year average (and 58.3% below the 10-year average), while in the larger region, sales were 33.8% below the 5-year average (and 40.3% below the 10-year average). Year-to-Date (YTD) sales in Moose Jaw fell 24.8% over last year, going from 133 to 100, but YTD sales in the larger region only fell a modest 2.6%, going from 155 to 151. Sales volume was down 68.1% in the city, going from $12.1M to $3.9M in 2020 (63.3% below the 5-year average, and 67.3% below the 10-year average). YTD sales volume in the city was $21.5M, a decrease of 32.0% from last year. In the region, sales volume was down 56.3%, going from $12.9M to $5.6M (52.7% below the 5-year average and 58.4% below the 10-year average). YTD sales volume also fell 17.9% in the region, going from $34.2M in 2019 to $28.1M in 2020. The number of new listings in April 2020 fell significantly from the number last year. In Moose Jaw, new listings fell 61.0%, going from 123 to 48 (57.7% below the 5-year average and 60.0% below the 10-year average), while in the region, new listings fell 58.8% from 182 last year to 75 this year. Active listings also fell 25.1% in Moose Jaw (down from 334 to 250) and 17.6% in the region (down from 578 to 476). The sales to listing ratio was 41.7% in Moose Jaw and 48% in the region suggesting somewhat balanced market conditions in the area. Homes in Moose Jaw stayed on the market an average of 63 days in April—down 13.7% from 73 days last year (in line with the 5-year average of 64 days and the 10-year average of 58). Homes in the region
  • 4. stayed on the market somewhat longer than homes in the city at 94 days on average in 2020, but also increasing from an average of 87 days last year. Median home prices in Moose Jaw went from $247,500 to $175,500 (a decrease of 29.1%) and were approximately 21.1% below the 5-year and 22.6% below the 10-year average median price. Median home prices in the region also fell 25.6%, going from $200,000 to $148,750 which is 24.2% below the 5- year and 27.4% below the 10-year average median price. North Battleford Sales in North Battleford were up 16.7%, going from 12 in April 2019 to 14 in April 2020, but down 14.3% in the overall region, going from 42 to 36. In North Battleford, sales were 28.6% below the 5-year average (and 38.1% below the 10-year average), while in the larger region, sales were 25.9% below the 5-year average (and 38.1% below the 10-year average). Year-to-Date (YTD) sales in North Battleford rose 54.8% over last year, increasing from 42 to 65, while YTD sales in the larger region also increased 25.2%, going from 123 to 154. Sales volume was down a modest 1.7% in the city, going from $2.8M to $2.7M in 2020 (40.3% below the 5-year average, and 46.5% below the 10-year average). YTD sales volume in the city was $10.7M, an increase of 28.9% from last year. In the region, sales volume was down 0.8%, going from $7.3M to $7.2M (26.9% below the 5-year average and 38.1% below the 10-year average). YTD sales volume also increased 29.2% in the region, rising from $21.2M in 2019 to $27.3M in 2020. Although total sales and sales volume were up, the number of new listings in April 2020 fell significantly from the number last year. In North Battleford, new listings fell 47.5%, going from 59 to 31 (45.8% below the 5-year average and 46.8% below the 10-year average), while in the region the situation was slightly better, with new listings only falling 44.4% from 169 last year to 94 this year. Active listings also fell 11.7% in North Battleford (down from 213 to 188) but only 2.8% in the region (down from 759 to 738). The sales to listing ratio was 45.2% in North Battleford suggesting balanced market conditions, and 38.3% in the region suggesting that conditions favoured sellers in the larger region. Homes in North Battleford stayed on the market an average of 84 days in April—down 26.3% from 114 days last year (and in line with the 5-year average of 85 days but still above the 10-year average of 66). Homes in the region stayed on the market somewhat longer than homes in the city at 106 days on average in 2020, but also down from an average of 110 days last year. Median home prices in North Battleford went from $233,500 to $202,450 (a decrease of 13.3%) and were approximately 9.4% below the 5-year and 6.8% below the 10-year average median price. Median home prices in the region also increased 37.3%, going from $147,500 to $202,450 which is 9.1% above the 5- year and 7.2% above the 10-year average median price. Despite losses in other markets across the province, North Battleford and the region saw several gains, proving that real estate is truly local. YTD sales and sale volume were all up, as were median home prices in the region. Prince Albert Sales in Prince Albert were down 38.5%, going from 39 in April 2019 to 24 in April 2020, and down 41.2% in the overall region, going from 68 to 40. In Prince Albert, sales were 35.8% below the 5-year average (and 43.0% below the 10-year average), while in the larger region, sales were 31.0% below the 5-year average (and 37.9% below the 10-year average). Year-to-Date (YTD) sales in Prince Albert fell 9.0% over last year, going from 89 to 81, while YTD sales in the larger region fell 21.5%, going from 163 to 128. Sales volume was down 51.7% in the city, going from $8.6M to $4.2M in 2020 (48.6% below the 5-year average, and 55.0% below the 10-year average). YTD sales volume in the city was $15.7M, a decrease
  • 5. of 13.9% from last year. In the region, sales volume was down 44.4%, going from $14.1M to $7.8M (39.7% below the 5-year average and 45.6% below the 10-year average). YTD sales volume also fell 22.5% in the region, going from $32.5M in 2019 to $25.2M in 2020. The number of new listings in April 2020 fell from the number last year. In Prince Albert, new listings were down 23.2%, going from 69 to 53 (28.4% below the 5-year average and 39.2% below the 10-year average), while in the region, new listings fell 36.0% from 172 last year to 110 this year. Active listings also fell 4.0% in Prince Albert (down from 276 to 265) and 12.8% in the region (down from 670 to 584). The sales to listing ratio was 45.3% in Prince Albert suggesting balanced market conditions, while in the region, the sales to listing ratio was 36.4%, suggesting that conditions favour sellers. Homes in Prince Albert stayed on the market an average of 105 days in April—up a significant 52.2% from 69 days last year (and well above the 5-year average of 88 days and the 10-year average of 80 days). Homes in the region stayed on the market somewhat longer than homes in the city at 125 days on average in 2020, also up significantly from an average of 87 days last year. Median home prices in Prince Albert went from $199,900 to $156,584 (a decrease of 21.7%) and were approximately 23.6% below the 5-year and 27.0% below the 10-year average median price. Median home prices in the region also decreased 2.3%, falling from $194,500 to $190,000 which is 10.5% below the 5-year and 10.6% below the 10-year average median price. Swift Current Sales in Swift Current were down 51.6%, going from 31 in April 2019 to 15 in April 2020, and down 42.9% in the overall region, going from 42 to 24. In Swift Current, sales were 40.5% below the 5-year average (and 42.5% below the 10-year average), while in the larger region, sales were 40.0% below the 5-year average (and 45.1% below the 10-year average). Year-to-Date (YTD) sales in Swift Current fell 7.0% over last year, falling from 71 to 66, while YTD sales in the larger region also decreased 10.4%, going from 115 to 103. Sales volume was down 63.6% in the city, going from $9.2M to $3.3M in 2020 (52.2% below the 5-year average, and 51.6% below the 10-year average). YTD sales volume in the city was $15.1M, a decrease of 17.7% from last year. In the region, sales volume was down 53.4%, going from $10.4M to $4.9M (45.4% above the 5-year average and 47.7% below the 10-year average). YTD sales volume also decreased 16.0% in the region, falling from $23.7M in 2019 to $19.9M in 2020. The number of new listings in April 2020 fell from last year. In Swift Current, new listings fell 52.1%, going from 73 to 35 (34.9% below the 5-year average and 33.3% below the 10-year average), while in the region, with new listings fell 55.4% from 139 last year to 62 this year. Active listings also fell 22.5% in Swift Current (down from 244 to 189) and 16.3% in the region (down from 565 to 473). The sales to listing ratio was 42.9% in Swift Current suggesting balanced market conditions, while in the region, the sales to listing ratio was 38.7%, suggesting that conditions favour sellers. Homes in Swift Current stayed on the market an average of 106 days in April—an increase of 47.2% from 72 days last year (and above the 5-year average of 84 days and the 10-year average of 76). Homes in the region stayed on the market somewhat longer than homes in the city at 127 days on average in 2020, also up from an average of 85 days last year. Median home prices in Swift Current went from $292,500 to $212,500 (a decrease of 27.4%) and were approximately 16.5% below the 5-year and 12.4% below the 10-year average median price. Median home prices in the region also fell 23.7%, going from $253,000 to $193,000 which is 8.0% below the 5- year and 3.7% below the 10-year average median price.
  • 6. Yorkton Sales in Yorkton were down 28.6%, going from 21 in April 2019 to 15 in April 2020, and down 22.7% in the overall region, going from 66 to 51. In Yorkton, sales were 12.8% below the 5-year average (and 26.5% below the 10-year average), while in the larger region, sales were 15.6% below the 5-year average (and 25.7% below the 10-year average). Year-to-Date (YTD) sales in Yorkton rose 9.1% over last year, increasing from 44 to 48, while YTD sales in the larger region only fell a modest 0.6%, going from 180 to 179. Sales volume was down 47.4% in the city, going from $5.5M to $2.9M in 2020 (23.0% below the 5-year average, and 36.1% below the 10-year average). YTD sales volume in the city was $9.2M, a decrease of 20.0% from last year. In the region, sales volume was down 45.4%, going from $12.4M to $6.8M (31.6% below the 5-year average and 41.0% below the 10-year average). YTD sales volume also fell 16.9% in the region, going from $28.7M in 2019 to $23.9M in 2020. The number of new listings in April 2020 fell from the number last year. In Yorkton, new listings fell 37.5%, going from 48 to 30 (32.7% below the 5-year average and 23.5% below the 10-year average), while in the region new listings fell 45.0% from 220 last year to 121 this year. Active listings also fell 9.3% in Yorkton (down from 193 to 175) and 6.6% in the region (down from 1,032 to 964). The sales to listing ratio was 50% in Yorkton and 42.1% in the region suggesting somewhat balanced market conditions in the area. Homes in Yorkton stayed on the market an average of 112 days in April—up 36.6% from 82 days last year (and above the 5-year and the 10-year averages of 88 days). Homes in the region stayed on the market somewhat longer than homes in the city at 142 days on average in 2020, also up from an average of 114 days last year. Median home prices in Yorkton went from $215,777 to $202,000 (a decrease of 6.4%) and were approximately 3.3% above the 5-year median price, but 0.7% below the 10-year average median price. Median home prices in the region fell 34.2%, going from $162,500 to $107,000 which is 25.5% below the 5-year and 27.9% below the 10-year average median price. South East Saskatchewan Sales in south east Saskatchewan were down 68.0%, going from 50 in April 2019 to 16 in April 2020, down 56.0% from the 5-year average (and 66.9% below the 10-year average). The total number of sales fell 73.3% in both Estevan and Weyburn (with sales going from 15 to 4). Sales in Estevan were 60.8% below the 5-year average (and 75.3% below the 10-year average), while they were 66.1% below the 5-year average (and 73.3% below the 10-year average) in Weyburn. Year-to- Date (YTD) sales in the overall region were down 7.3%, going from 109 to 101, with YTD sales in Estevan rising from 25 to 27, but falling 33.3% in Weyburn, going from 36 to 24. Sales volume in the region fell 67.6%, going from $8.9M to $2.9M in 2020 (61.3% below the 5-year average and 74.7% below the 10-year average). Sales volume in Estevan fell 56.1%—$3M to $1.3M in 2020 (48.2% below the 5-year average and 71.0% below the 10-year average), while it decreased 79.3% in Weyburn—$3.4M to $0.7M (74.8% below the 5-year average and 82.5% below the 10-year average). YTD sales volume in the region fell from $20.7M to $17.9M in 2020 (a decrease of 13.8%), with Estevan seeing a modest fall of 0.9% and Weyburn seeing a dramatic 40.1% drop in sales volume. The number of new listings in south east Saskatchewan fell 56.3%, going from 151 to 66 (50.6% below the 5-year average and 52.5% below the 10-year average). The number of new listings in Estevan were up from 41 last year to 11 this year (a fall of 73.2%), while in Weyburn, new listings decreased from 30 last year to 15 this year (a fall of 50.0%). Active listings were down across the region—12.9% in the region (843 in 2019 to 734 in 2020), 32.7% in Estevan (211 to 142), and 17.6% in Weyburn (188 to 155).
  • 7. The sales to listing ratio was 24.2% in the region, 36.4% in Estevan, and 26.7% in Weyburn suggesting that market conditions favour sellers now. In 2020, homes stayed on the market an average of 111 in the region, down 14.6%, from 130 days last year to 111 (but still slightly above the 5-year average of 118 days but below the 10-year average of 96). In Estevan, homes stayed on the market an average of 96 days (less than the 134 days last year and less than the 5-year average of 112 days, but slightly more than the 10-year average of 90 days), while in Weyburn, homes stayed on the market an average of 108 days (less than the 144 days last year and less than the 5-year average of 128 days, but more than the 10-year average of 101 days). Median home prices in the region fell 4.2%, going from $180,000 to $172,500 (13.6% below the 5-year average median price of $199,540 and 19.4% below the 10-year average median price of $214,085). In Estevan, median home prices were up 46.7%, going from $211,250 to $310,000 (18.6% above the 5-year average median price of $261,450 and 14.8% above the 10-year average median price of $270,065), while in Weyburn, median home prices were down 22.6%, going from $237,000 to $183,500 (18.3% below the 5-year average median price of $224,585 and 23.5% below the 10-year average median price of $239,952). -30- For interviews and more information: Samantha Krahn Director of External & Government Relations Saskatchewan REALTORS® Association samantha@sra.ca 306.229.4048
  • 8. Year-Over-Year Residential Housing Statistics for April Saskatoon Saskatoon Region # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 213 $72.4M $320,000 490 43.5 56 283 $92.7M $309,900 677 41.8 67 April 2019 380 $129.6M $332,000 774 49.1 56 514 $166.0M $313,750 1201 42.8 65 y/y% Chg (43.9) (44.2) 3.6 (36.7) (11.5) 0 (44.9) (44.2) (1.2) (43.6) (2.3) 3.1 2020 YTD 935 $312.2M --- --- --- --- 1267 $401.3M --- --- --- --- 2019 YTD 1048 $343.0M --- --- --- --- 1422 $443.7M --- --- --- --- y/y% Chg (10.8) (9.0) --- --- --- --- (10.9) (9.6) --- --- --- --- 5-Year Avg 324 $112.3M $326,000 767.2 42.5 52 436 $143.4M $316,420 1150 38.4 60 2020/Avg % Diff (34.3) (35.6) (1.8) (36.1) 2.3 8.1 (35.1) (35.4) (2.1) (41.1) 9.0 11.7 10-Year Avg 358.1 $126.8M $327,985 784 46.2 44 496 $161.8M $316,675 1160 43.2 52.9 2020/Avg % Diff (40.5) (42.9) (2.4) (37.5) (5.9) 26.1 (42.9) (42.7) (2.1) (41.7) (3.2) 26.7 Regina Regina Region # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 144 $43.9M $287,925 286 50.3 62 171 $51.3M $285,000 377 45.4 70 April 2019 289 $87.1M $283,000 581 49.7 61 349 $103.8M $283,000 792 44.1 66 y/y% Chg (50.2) (49.6) 1.7 (50.8) 1.2 1.6 (51.0) (50.6) 0.7 (52.4) 2.9 6.1 2020 YTD 622 $184.8M --- --- --- --- 745 $224.6M --- --- --- --- 2019 YTD 814 $243.1M --- --- --- --- 946 $280.1M --- --- --- --- y/y% Chg (23.6) (24.0) --- --- --- --- (21.2) (19.8) --- --- --- --- 5-Year Avg 233 $73.0M $293,185 498 47.2 52 274 $85.6M $290,990 668 41.5 56 2020/Avg % Diff (38.2) (39.8) (1.8) (42.6) 6.6 19.7 (37.7) (40.1) (2.1) (43.5) 9.3 25.0 10-Year Avg 266.2 $84.0M $296,571 511 53.2 41 313 $98.6M $295,085 673 47.5 46 2020/Avg % Diff (45.9) (47.7) (2.9) (44.1) (5.4) 49.8 (45.4) (48.0) (3.4) (43.9) (4.5) 53.2
  • 9. Year-Over-Year Residential Housing Statistics for April (continued) Melfort Melfort Region # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 3 $0.4M $130,000 8 37.5 118 7 $0.8M $102,000 28 25.0 130 April 2019 6 $1.1M $222,850 16 37.5 157 20 $2.6M $115,750 72 27.8 164 y/y% Chg (50.0) (64.9) (41.7) (50.0) 0.0 (24.8) (65.0) (69.2) (11.9) (61.1) (10.0) (20.7) 2020 YTD 10 $2.0M --- --- --- --- 42 $6.3M --- --- --- --- 2019 YTD 22 $4.3M --- --- --- --- 62 $8.9M --- --- --- --- y/y% Chg (54.5) (54.0) --- --- --- --- (32.3) (29.8) --- --- --- --- 5-Year Avg 7 $1.3M $181,970 13.6 52.6 93 17 $3.0M $154,500 51.6 33.5 118 2020/Avg % Diff (58.3) (69.9) (28.6) (41.2) (28.7) 27.4 (59.8) (72.7) (34.0) (45.7) (25.4) 9.8 10-Year Avg 9 $1.6M $185,885 17 51.9 91 21 $3.5M $155,300 54 38.7 110 2020/Avg % Diff (65.1) (75.8) (30.1) (52.9) (27.8) 29.7 (66.0) (76.6) (34.3) (48.1) (35.4) 18.4 Moose Jaw Moose Jaw Region # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 20 $3.9M $175,500 48 41.7 63 36 $5.6M $148,750 75 48.0 94 April 2019 50 $12.1M $247,500 123 40.7 73 59 $12.9M $200,000 182 32.4 87 y/y% Chg (60.0) (68.1) (29.1) (61.0) 2.5 (13.7) (39.0) (56.3) (25.6) (58.8) 48.1 8.0 2020 YTD 100 $21.5M --- --- --- --- 151 $28.0M --- --- --- --- 2019 YTD 133 $31,.6M --- --- --- --- 155 $34.1M --- --- --- --- y/y% Chg (24.8) (32.0) --- --- --- --- (2.6) (17.9) --- --- --- --- 5-Year Avg 43 $10.5M $222,500 113 39.2 64 54 $11.9M $196,200 159 36.1 79 2020/Avg % Diff (53.9) (63.3) (21.1) (57.7) 6.3 (1.3) (33.8) (52.7) (24.2) (52.7) 32.8 18.7 10-Year Avg 48 $11.8M $226,825 120 41.0 58 60 $13.6M $205,025 163 38.1 70 2020/Avg % Diff (58.3) (67.3) (22.6) (60.0) 1.6 9.2 (40.3) (58.4) (27.4) (54.0) 25.8 33.7
  • 10. Year-Over-Year Residential Housing Statistics for April (continued) North Battleford North Battleford Region # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 14 $2.7M $202,450 31 45.2 84 36 $7,.2M $202,450 94 38.3 106 April 2019 12 $2.8M $233,500 59 20.3 114 42 $7.3M $147,500 169 24.9 110 y/y% Chg 16.7 (1.7) (13.3) (47.5) 122.0 (26.3) (14.3) (0.8) 37.3 (44.4) 54.1 (3.6) 2020 YTD 65 $10.7M --- --- --- --- 154 $27.3M --- --- --- --- 2019 YTD 42 $8.3M --- --- --- --- 123 $21.1M --- --- --- --- y/y% Chg 55 28.9 --- --- --- --- 25 29.2 --- --- --- --- 5-Year Avg 20 $4.6M $223,490 57 34.8 85 49 $9.9M $185,590 167 29.7 107 2020/Avg % Diff (28.6) (40.3) (9.4) (45.8) 29.8 (1.2) (25.9) (26.9) 9.1 (43.8) 29.1 (0.6) 10-Year Avg 23 $5.1M $217,240 58 38.8 66 58 $11.7M $188,770 169 34.8 90 2020/Avg % Diff (38.1) (46.5) (6.8) (46.8) 16.3 27.9 (38.1) (38.1) 7.2 (44.2) 10.1 17.8 Prince Albert Prince Albert Region # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 24 $4.2M $156,584 53 45.3 105 40 $7.8M $190,000 110 36.4 125 April 2019 39 $8.6M $199,900 69 56.5 69 68 $14.1M $194,500 172 39.5 87 y/y% Chg (38.5) (51.7) (21.7) (23.2) (19.9) 52.2 (41.2) (44.4) (2.3) (36.0) (8.0) 43.7 2020 YTD 81 $15.7M --- --- --- --- 128 $25.1M --- --- --- --- 2019 YTD 89 $18.3M --- --- --- --- 163 $32.5M --- --- --- --- y/y% Chg (9.0) (13.9) --- --- --- --- (21.5) (22.5) --- --- --- --- 5-Year Avg 37 $8.1M $205,077 74 50.0 88 58 $13.0M $212,400 164 35.3 105 2020/Avg % Diff (35.8) (48.6) (23.6) (28.4) (9.5) 19.9 (31.0) (39.7) (10.5) (32.8) 3.1 18.6 10-Year Avg 42 $9.2M $214,463 87 48.7 80 64.4 $14.4M $212,425 175 37.1 95 2020/Avg % Diff (43.0) (55.0) (27.0) (39.2) (7.0) 31.6 (37.9) (45.6) (10.6) (37.1) (1.9) 32.0
  • 11. Year-Over-Year Residential Housing Statistics for April (continued) Swift Current Swift Current Region # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 15 $3.3M $212,500 35 42.9 106 24 $4.9M $193,000 62 38.7 127 April 2019 31 $9.2M $292,500 73 42.5 72 42 $10.4M $253,000 139 30.2 85 y/y% Chg (51.6) (63.6) (27.4) (52.1) 0.9 47.2 (42.9) (53.4) (23.7) (55.4) 28.1 49.4 2020 YTD 66 $15.1M --- --- --- --- 103 $19.9M --- --- --- --- 2019 YTD 71 $18.4M --- --- --- --- 115 $23.7M --- --- --- --- y/y% Chg (7.0) (17.7) --- --- --- --- (10.4) (16.0) --- --- --- --- 5-Year Avg 25 $7.0M $254,600 53.8 46.8 84 40 $8.9M $209,690 106 38.2 98 2020/Avg % Diff (40.5) (52.2) (16.5) (34.9) (8.4) 25.9 (40.0) (45.4) (8.0) (41.6) 1.4 29.1 10-Year Avg 26 $6.9M $242,450 52.5 50.1 76 44 $9.3M $200,435 108 40.7 94 2020/Avg % Diff (42.5) (51.6) (12.4) (33.3) (14.5) 40.0 (45.1) (47.7) (3.7) (42.7) (4.9) 35.7 Yorkton Yorkton Region # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 15 $2.9M $202,000 30 50.0 112 51 $6.8M $107,000 121 42.1 142 April 2019 21 $5.5M $215,777 48 43.8 82 66 $12.4M $162,500 220 30.0 114 y/y% Chg (28.6) (47.4) (6.4) (37.5) 14.3 36.6 (22.7) (45.4) (34.2) (45.0) 40.5 24.6 2020 YTD 48 $9.2M --- --- --- --- 179 $23.9M --- --- --- --- 2019 YTD 44 $11.6M --- --- --- --- 180 $28.7M --- --- --- --- y/y% Chg 9.1 (20.0) --- --- --- --- (0.6) (16.9) --- --- --- --- 5-Year Avg 17 $3.8M $195,585 45 40.4 88 60 $9.9M $143,650 200.4 31.2 119 2020/Avg % Diff (12.8) (23.0) 3.3 (32.7) 23.8 27.3 (15.6) (31.6) (25.5) (39.6) 34.9 18.9 10-Year Avg 20 $4.6M $203,443 39 56.6 88 69 $11.5M $148,500 178.6 40.2 111 2020/Avg % Diff (26.5) (36.1) (0.7) (23.5) (11.6) 27.1 (25.7) (41.0) (27.9) (32.3) 4.8 28.2
  • 12. Year-Over-Year Residential Housing Statistics for April (continued) Estevan Weyburn # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 4 $1.3M $310,000 11 36.4 96 4 $0.7M $183,500 15 26.7 108 April 2019 15 $3.0M $211,250 41 36.6 134 15 $3.4M $237,000 30 50.0 144 y/y% Chg (73.3) (56.1) 46.7 (73.2) (0.6) (28.4) (73.3) (79.3) (22.6) (50.0) (46.7) (25.0) 2020 YTD 27 $5.2M --- --- --- --- 24 $5.1M --- --- --- --- 2019 YTD 25 $5.2M --- --- --- --- 36 $8.5M --- --- --- --- y/y% Chg 8.0 (0.9) --- --- --- --- (33.3) (40.1) --- --- --- --- 5-Year Avg 10 $2.5M $261,450 29 35.8 112 12 $2.8M $224,585 35 34.2 128 2020/Avg % Diff (60.8) (48.2) 18.6 (62.3) 1.7 (14.3) (66.1) (74.8) (18.3) (56.9) (22.1) (15.6) 10-Year Avg 16 $4.5M $270,065 35 47.4 90 15 $4.0M $239,953 38 41.1 101 2020/Avg % Diff (75.3) (71.0) 14.8 (68.7) (23.3) 6.5 (73.3) (82.5) (23.5) (60.3) (35.2) 7.4 South East Saskatchewan # Sales Sales Volume Sales Price # New Listings Sales to List Days to Sell April 2020 16 $2.9M $172,500 66 24.2 111 April 2019 50 $8.9M $180,000 151 33.1 130 y/y% Chg (68.0) (67.6) (4.2) (56.3) (26.8) (14.6) 2020 YTD 101 $17.9M --- --- --- --- 2019 YTD 109 $20.7M --- --- --- --- y/y% Chg (7.3) (13.8) --- --- --- --- 5-Year Avg 36 $7.4M $199,540 134 26.7 118 2020/Avg % Diff (56.0) (61.3) (13.6) (50.6) (9.3) (5.8) 10-Year Avg 48 $11.3M $214,085 139 34.7 96 2020/Avg % Diff (66.9) (74.7) (19.4) (52.5) (30.1) 16.2