(980 CJME File Photo)

By Jaryn Vecchio

Housing in 2022

Sask. housing sector has good 2022, despite overall sales numbers down from 2021

Jan 6, 2023 | 4:58 PM

Property sales were down across Saskatchewan in 2022, however, this doesn’t mean it was a bad year for the housing sector.

According to the Saskatchewan Realtors Association, which released its last report for the year earlier this week, only two communities had more sales over the past 12 months than they did in 2021. That ended up being North Battleford which had 205 sales, up two per cent, and Melville, which had 96 sales, up three per cent.

Despite this, 20 of the 24 areas they focus on in their reports saw higher sales numbers than what they’ve averaged over the past 10 years. The only communities that didn’t hit this mark were Prince Albert, Weyburn, Estevan, and the Town of Battleford.

These numbers show that 2022 was an above-average year, just wasn’t as good as 2021 was for the market.

This also doesn’t mean every area had a good year. Melfort and the surrounding region saw a sizeable drop in sales, over 20 per cent from 2021. This was also the case for the Town of Battleford, Estevan, Humboldt, Prince Albert, the Prince Albert region, and Yorkton.

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Meanwhile, 2022’s housing market was good for most of the people who sold a property.

Half of the 24 areas saw yearly increases in the average sales price. This was evident in Humboldt and Moose Jaw as the properties sold brought in 11 per cent more on average than those sold in 2021.

Ten of the areas did see a drop in their average sales price. Melfort saw the biggest decrease, around seven per cent.

Meadow Lake and Yorkton didn’t see a drop of rise in their average price, rounding out the 24 areas.

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Jaryn.Vecchio@pattisonmedia.com

On Twitter: @princealbertnow