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Edmonton real estate market - Home Prices Drop in July 3 b. O' f. h6 m# Z* N$ v" h
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Information was from the follow link: # c! p$ q) Y; m
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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:1 G5 p, V0 }; t0 @9 U
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New listings: 456 (492, 455, 529)$ @6 Q, l" R# C/ ~0 Y; H6 t
# Sales: 198 (276, 228, 218)
2 F% k8 i! ~) \9 j1 }8 NRatio: 43% (56%, 50%, 41%)) f( ]( U' {' b; f+ [$ W6 n8 A. I
# Price changes: 341 (390, 363, 369): S+ u0 v. v$ s
# Expired/Off Market Listings: 174 (221, 226, 204). {6 G* n- K! M- V; i2 q9 o3 q+ J
Net loss/gain in listings this week: 84 (-5, 1, 107)
# w1 h6 `" D0 P3 y: _+ fActive listings for single family homes: 3454 (3395, 3374, 3329)
( o! g5 Q; m$ |8 P* GActive listings for condos: 2253 (2232, 2209, 2217)4 v2 n2 S* j& B5 n2 i$ d
0 L& i9 t: l6 g' [. R) d) {' \4 D2 eInventory, 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. 2 Z# f. f) }3 s9 B
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% z: @" z, y- Z1 l4 tThe 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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