The Saskatoon real estate market has started off on record pace yet again for 2008. Last year our real estate market grew at an incredible rate and already this year we are starting to see higher growth compared to the same time last year. The Saskatoon Realty market is definitely a sellers market right now. There is a huge shortage of housing and as a result homes are being purchased sight unseen in some cases. Another popular trend that has caught on is "Presentation of Offers". I am curious if other real estate agents have experience this? We started seeing presentation of offers in about May of last year although they disappeared within 4 to 5 months. Since January we have seen this happening again in our market. I am curious for those of you who have dealt with these, what are the most offers you have seen at one time? Recently I saw one home that had over 36 offers that went for over $80,000 over asking price. This isn't the highest one we have had in the Saskatoon real estate market in the past year but it is definitely up there.
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.