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Edmonton real estate market - Home Prices Drop in July
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( r- L8 e' x) Q) Z8 ?8 gInformation was from the follow link: 1 `% E" |; B" w R
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html2 F. U6 T6 p4 T% T0 v: w& M
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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:& Z a' D- _8 p) Z
: D1 T' x0 ]1 G8 R1 qNew listings: 456 (492, 455, 529)
# I! p- _- g. j2 w+ `# Sales: 198 (276, 228, 218)
% l* Z; H* I1 h4 iRatio: 43% (56%, 50%, 41%)
5 ?- C( T! `5 }+ a# Price changes: 341 (390, 363, 369)
3 j) x) W6 D! b; A# ~" n# Expired/Off Market Listings: 174 (221, 226, 204)
8 ^" M2 n8 X, h% b3 H# vNet loss/gain in listings this week: 84 (-5, 1, 107)2 \9 k, B' Y0 N
Active listings for single family homes: 3454 (3395, 3374, 3329)
0 I0 E* {2 ^3 Y0 C, X& pActive listings for condos: 2253 (2232, 2209, 2217)1 \: d' G. h1 Z0 N
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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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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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