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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: : }% O" H0 @& g% t' z
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html1 G/ P% q! i5 m3 |# G" J3 R8 M# R
4 Z! N9 ~! B. ?; ~' {' g4 [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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3 V3 G9 ^. j% yNew listings: 456 (492, 455, 529)( }; U+ q1 L! { i; x9 [
# Sales: 198 (276, 228, 218)$ v* E: r; z+ P8 @! X! g2 i
Ratio: 43% (56%, 50%, 41%)5 q3 R# u& @' k2 f" |
# Price changes: 341 (390, 363, 369)
9 U. [0 F7 F7 w/ c H# Expired/Off Market Listings: 174 (221, 226, 204)
6 z2 X- G- G, N8 |. jNet loss/gain in listings this week: 84 (-5, 1, 107); }7 k3 J7 q7 ~
Active listings for single family homes: 3454 (3395, 3374, 3329)$ Q9 H5 y& I# i8 }' b
Active listings for condos: 2253 (2232, 2209, 2217)
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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. ) D c- }$ v$ M! r# ?+ r0 p
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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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