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Edmonton real estate market - Home Prices Drop in July
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7 V* v# n% G! D, F( H! r+ m e3 b- nInformation was from the follow link:
0 }; A# J: v/ y' E4 v/ h' hhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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`4 u5 ?) b/ u7 j! PHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:" ]+ n% w. e4 L9 A3 H" H# r' @
! `- Q" |" Q$ ?! n; W3 DNew listings: 456 (492, 455, 529)* i$ Q& _) C! ?; @; z8 O/ S
# Sales: 198 (276, 228, 218)
0 S& K' I3 g8 Y2 RRatio: 43% (56%, 50%, 41%)
3 H0 j+ q: ~6 v0 S' R# Price changes: 341 (390, 363, 369)1 h0 v' H0 t) R& A/ v; R
# Expired/Off Market Listings: 174 (221, 226, 204)& l" d" i0 X9 w# y/ V
Net loss/gain in listings this week: 84 (-5, 1, 107)
1 U1 L, o& V1 V% u0 F/ R. n5 Y* @Active listings for single family homes: 3454 (3395, 3374, 3329)
- X: ?0 G$ U- ?Active listings for condos: 2253 (2232, 2209, 2217)9 J( J7 x0 N1 o. M: x5 T, x
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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.
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" i8 v1 Y5 Z! a3 H; `* F' sThe 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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