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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 3 A( `% K4 N8 y- ]: d1 ^2 c
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html4 F O' h; ]6 O+ P7 f* W& U
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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:, f- X' L( v- i
?5 Q- U2 \4 pNew listings: 456 (492, 455, 529)6 }- \' X! A% ~9 n% p
# Sales: 198 (276, 228, 218)7 i$ X3 k& j% D" e1 B) @, X+ c6 \ K
Ratio: 43% (56%, 50%, 41%)) K4 a6 m7 \9 B9 \! w! e2 k
# Price changes: 341 (390, 363, 369)! V! m3 X9 E6 u8 a: o# s; } m# m
# Expired/Off Market Listings: 174 (221, 226, 204)1 Z0 _3 C+ G& G' e8 L& W8 L
Net loss/gain in listings this week: 84 (-5, 1, 107)
. m ~+ K8 L6 A" {) T; {Active listings for single family homes: 3454 (3395, 3374, 3329)
6 `& }4 C/ _, w9 c, d0 k6 Y8 i* FActive listings for condos: 2253 (2232, 2209, 2217) t2 `! U; }+ ~' e. J
) ?; s9 I2 h. ]1 i zInventory, 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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