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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: - s$ H3 H# q- U( ^" c, z. B
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html7 u3 W9 g6 r/ h( y' M/ 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:" ?4 \" w; J# g0 p9 t; d$ L
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New listings: 456 (492, 455, 529); L1 X+ [; V; W# ^& }( K1 o4 D2 L
# Sales: 198 (276, 228, 218)6 k9 Y. ]& d/ H
Ratio: 43% (56%, 50%, 41%)
1 I$ c* d" h/ n1 e, }# Price changes: 341 (390, 363, 369)+ Q3 g7 n$ V& Y% L P
# Expired/Off Market Listings: 174 (221, 226, 204)
" }! N8 K6 X$ Y( n& ONet loss/gain in listings this week: 84 (-5, 1, 107)
|' i1 ?2 X) c% ^. EActive listings for single family homes: 3454 (3395, 3374, 3329)
2 M Z( W1 [1 _% J, X4 yActive listings for condos: 2253 (2232, 2209, 2217)! V+ J% o! g B- L% _/ q3 _4 Z3 p
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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. 9 y" y! q! U# I! k
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/ [% I; n8 s9 `0 u0 O% uThe 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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