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Edmonton real estate market - Home Prices Drop in July # K/ p, @; h1 @( T+ M* G
# Y, U5 n) N1 YInformation was from the follow link: : P6 @+ e; u p+ R& F& J
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html# t" o2 b1 }/ o
e! B7 t; q1 J/ E: e4 c' K+ x) KHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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New listings: 456 (492, 455, 529)4 M6 o% N8 F8 r( E, w
# Sales: 198 (276, 228, 218)4 Q+ O J1 f5 h f. J: R7 \. k
Ratio: 43% (56%, 50%, 41%) g/ X# c" U$ ]8 E3 x
# Price changes: 341 (390, 363, 369)
$ A/ H) d; E7 b2 p+ z& ]# Expired/Off Market Listings: 174 (221, 226, 204)
" e$ H l* w" w. b6 D( `Net loss/gain in listings this week: 84 (-5, 1, 107)
1 u5 W% H; ?, X$ u9 eActive listings for single family homes: 3454 (3395, 3374, 3329)
8 K5 H: o# e: j0 a' _2 r% UActive listings for condos: 2253 (2232, 2209, 2217)+ `" h( I' I: T0 g$ u
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Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing. " m2 m0 ?! N+ }$ x5 d$ _: p+ X4 L
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The REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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