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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
: {8 Y' C% p+ z s k' R9 Mhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html1 |- d% I, c8 P2 A
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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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. L4 _' A; D2 {& f7 v$ A d6 [New listings: 456 (492, 455, 529)
" P8 A; ?" D( R8 f" L7 S; \# Sales: 198 (276, 228, 218)4 a% L$ J; f. C4 h
Ratio: 43% (56%, 50%, 41%)' I! o: ?0 V4 a; b, @
# Price changes: 341 (390, 363, 369)
5 U M+ c/ X6 a) \- `+ d+ _- O# Expired/Off Market Listings: 174 (221, 226, 204)
& k9 b6 b8 I* Z; {" M7 aNet loss/gain in listings this week: 84 (-5, 1, 107)
% M- U" y, w" w6 B1 z9 WActive listings for single family homes: 3454 (3395, 3374, 3329). l( a2 I) O6 F. b, C' g
Active listings for condos: 2253 (2232, 2209, 2217)9 m _3 o- v$ E' C" t5 p
7 W7 b4 K5 ^& n9 q4 ^' L$ `0 Z! K$ jInventory, 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. * y- I9 k# C; U, d+ `% i$ H* _
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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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