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Edmonton real estate market - Home Prices Drop in July 4 d7 j: ^- Z T. P) M
. }7 J/ K+ N4 ?6 y _/ BInformation was from the follow link:
2 L! U! \. ^; R: uhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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5 a; z! D4 p1 m- pHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:. Z; J$ z& M% R, X3 G; s) \5 N! u
" T. C% c/ B2 f) x" y ^9 b# LNew listings: 456 (492, 455, 529)
; p9 J. x/ q n# Sales: 198 (276, 228, 218)
1 f6 m4 _, }6 p7 a6 c, B/ lRatio: 43% (56%, 50%, 41%)1 F/ x. A# ^3 V
# Price changes: 341 (390, 363, 369)
- n4 A( q( S) {' T! w# Expired/Off Market Listings: 174 (221, 226, 204)
- ^7 O _% ~ e2 ]Net loss/gain in listings this week: 84 (-5, 1, 107)8 {6 O. W! L2 E
Active listings for single family homes: 3454 (3395, 3374, 3329)
1 b. I h; F) @) n$ Y1 dActive 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. : P, c' K2 K2 y5 c6 d7 Q! w
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$ I) J/ y# u0 f6 g y2 rThe 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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