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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 1 Z# }9 j2 Y% b) X- F
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html. a. |- I( U" ?" L, f% A1 s5 f
8 e9 r7 N! T7 e; c- w% ~Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:# g, I/ ~6 r8 D3 X4 [# y8 m
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New listings: 456 (492, 455, 529)
* P3 p c! T- u* o4 Z# Sales: 198 (276, 228, 218)
) ^6 X, s3 F2 g$ FRatio: 43% (56%, 50%, 41%)
" \ I3 e) T6 n: R. |, ^1 c) ^# Price changes: 341 (390, 363, 369)
% F7 I/ ?8 k q8 s; }& ~( ?# Expired/Off Market Listings: 174 (221, 226, 204)7 Z" Y6 h$ a2 K2 j- L; r
Net loss/gain in listings this week: 84 (-5, 1, 107)
' d' Z2 g9 L0 A2 D$ h! p5 ZActive listings for single family homes: 3454 (3395, 3374, 3329)! {) ~9 Q ]: J7 p
Active listings for condos: 2253 (2232, 2209, 2217)7 }& i) e5 Y( S
; U' Y* ]+ I* A2 r( x/ rInventory, 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. / V ~, u& b" w# W% h
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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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