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Edmonton real estate market - Home Prices Drop in July * G' g! X& _6 R' |5 q7 h
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Information was from the follow link:
$ P/ S+ ~- ?2 N4 w: G$ Z4 p3 vhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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- K7 p% B6 M L1 R# ~Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:3 \, O( } r" p' R2 e
- v5 @3 X* _, `6 T% m0 e7 R% |5 Z) cNew listings: 456 (492, 455, 529)4 H/ c% k$ Y$ X- g* {' ]3 l* k" q# Q
# Sales: 198 (276, 228, 218). o# f2 n6 y+ ^2 Q H- h# S6 z
Ratio: 43% (56%, 50%, 41%)
" {% o! p2 v$ E$ y4 h/ R% O# Price changes: 341 (390, 363, 369)
! G8 G# v; E6 A1 F' h% k+ u# Expired/Off Market Listings: 174 (221, 226, 204)
1 e# h& c) _, ~( H+ W0 ZNet loss/gain in listings this week: 84 (-5, 1, 107)& o9 z: a' z! v& ]0 \; v. x0 w
Active listings for single family homes: 3454 (3395, 3374, 3329)4 d2 D% Y1 {" [8 P" o
Active listings for condos: 2253 (2232, 2209, 2217); s' m; x8 E9 {- b0 W. v
/ h2 ~% Q4 h( W# [5 PInventory, 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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