Small signals of improvement in P.A. property market
It may be too early to say a corner has been turned on the Prince Albert property market but things are looking a little better for sellers.
The Saskatoon Region Association of Realtors’ latest report shows 41 homes sold in June, a second straight monthly increase compared to last year. Thirty-four properties sold in June 2017.
“I’m not sure what would primarily be the driver but I think behind anything like this it’s consumer confidence,” CEO Jason Yochim told paNOW. “So if what people are seeing out there is positive and they’re comfortable spending money, then that’s a good sign.”
The average residential sale price in P.A. so far this year is $232,244, an increase of two per cent over last year. However, total sales for the first six months of this year were at 179 compared to 199 last year, a ten per cent decline. There has also been a 16 per cent decline in the amount of properties coming onto the market. So far this year 908 have been listed although by the end of June only 327 were still active.