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Edmonton real estate market - Home Prices Drop in July - d4 z5 Z+ t- {+ l% a! C$ P9 w/ z5 R
$ W# v; R4 U$ n. S9 F+ `Information was from the follow link: 6 q1 f, C2 S& Y8 K0 J* G5 t+ I
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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:1 B g* ]# z+ B& F
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New listings: 456 (492, 455, 529)
( j) L3 l3 {7 v$ o7 z' ?! A# Sales: 198 (276, 228, 218)# h3 C1 I& z6 t' U0 n
Ratio: 43% (56%, 50%, 41%)
8 N8 U* E) R1 q' ^# Price changes: 341 (390, 363, 369)4 V* K* O) J5 L3 j7 P0 D
# Expired/Off Market Listings: 174 (221, 226, 204)
, M/ c z; o' p1 O% qNet loss/gain in listings this week: 84 (-5, 1, 107)
, e- }. u9 K% @! e4 J! e. XActive listings for single family homes: 3454 (3395, 3374, 3329)) P, L$ n3 H4 p/ Q% b8 a
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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* s6 o2 h& T6 t. r* \ R& N* t$ r) PThe 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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