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Edmonton real estate market - Home Prices Drop in July ! F: t: r0 c* @$ v9 g; L1 \+ Y
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Information was from the follow link: ! }6 Y/ x; ?7 G% @6 n
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html+ v" o: J7 k# S/ u$ v9 i {; M
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Here 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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+ ^* f& K3 S, ~! UNew listings: 456 (492, 455, 529)6 ?: a4 N$ U7 h0 Q
# Sales: 198 (276, 228, 218)
[3 U' ? g. |6 SRatio: 43% (56%, 50%, 41%)
& x6 s8 h" ?3 X3 h& a2 L# Price changes: 341 (390, 363, 369)
, n: E8 ~% o- d$ Z% l- {9 H7 a# Expired/Off Market Listings: 174 (221, 226, 204)
& _) h2 s! T2 F' S% K! o4 SNet loss/gain in listings this week: 84 (-5, 1, 107)! @ q! M& t) ?' P2 S5 p S0 X9 |
Active listings for single family homes: 3454 (3395, 3374, 3329); A4 W4 k: ^: ] U" u( @
Active listings for condos: 2253 (2232, 2209, 2217)
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r% E* Z/ C' ]( a5 s( H9 W: b" fInventory, 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.
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6 y( x3 @7 b! o$ pThe 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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