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Edmonton real estate market - Home Prices Drop in July 1 t( I3 @1 ~; |$ _. |2 o- T
A S4 B3 _" l) k6 @$ ~0 VInformation was from the follow link:
# o+ q- N' _4 b2 ?* bhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html& h) f$ V/ r# P# M" X4 R" I. @$ x, J
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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! s, ]) v* e) t) c. S* c# K
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New listings: 456 (492, 455, 529)
, D" Q, `; N7 r8 p# Sales: 198 (276, 228, 218)8 s4 `: ^; h2 ~* B5 G8 t3 Z# k1 X
Ratio: 43% (56%, 50%, 41%)& I i, N \( J6 w0 L" ~2 I- t
# Price changes: 341 (390, 363, 369)2 x O- K' P7 P1 T$ p, D y
# Expired/Off Market Listings: 174 (221, 226, 204)% z+ M. Q# i* Q1 V6 h, y4 m
Net loss/gain in listings this week: 84 (-5, 1, 107)( W- b8 Z2 g; ?! P
Active listings for single family homes: 3454 (3395, 3374, 3329)
6 x! e1 E# [5 o/ k, k3 lActive listings for condos: 2253 (2232, 2209, 2217)" n& m" U! ~0 g% p$ F G7 f) Q+ U
! h6 g, c! B* u9 w' ]5 z+ o" sInventory, 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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Z; I0 R/ Y: I% nThe 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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