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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 9 ?) C+ w6 b+ Y: o' }
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html) K+ J! I. m* Q" u- n( ~- I F
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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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New listings: 456 (492, 455, 529)* i9 t* v, a T5 P1 U( w3 A6 J7 I1 ^
# Sales: 198 (276, 228, 218)5 U: c1 p( [ W
Ratio: 43% (56%, 50%, 41%)% k' G2 y' }9 v# w' B
# Price changes: 341 (390, 363, 369)' R" [, v3 y7 t2 V' X3 y& m3 m
# Expired/Off Market Listings: 174 (221, 226, 204)9 j, U/ y0 X4 Y2 r- p# r
Net loss/gain in listings this week: 84 (-5, 1, 107)$ p8 E h8 ]2 ?3 j d4 }
Active listings for single family homes: 3454 (3395, 3374, 3329)$ g1 z9 x/ [$ j7 {! b0 D0 A) I
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.
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4 g4 l- T1 d8 [ ]/ q4 aThe 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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