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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 9 g4 s! r; D3 f0 E1 K
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html/ I P% K- O( T9 ^2 i
& w, t% b& E, w5 WHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:& r# @' q f4 a* Y5 Y% t
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New listings: 456 (492, 455, 529)4 ^' O. j1 ]3 ?9 e; r
# Sales: 198 (276, 228, 218)' ^. K- ?3 P' C5 {6 S1 d f# y
Ratio: 43% (56%, 50%, 41%)% {7 O$ @# P% i
# Price changes: 341 (390, 363, 369)
& O# A' d0 i- |7 l+ u# Expired/Off Market Listings: 174 (221, 226, 204)6 _# w5 H% E3 R$ V* {' O3 T
Net loss/gain in listings this week: 84 (-5, 1, 107)5 Y% X' p2 v2 N* ~- k8 u
Active listings for single family homes: 3454 (3395, 3374, 3329), P0 n t5 d9 i% z; d4 [/ K- g
Active listings for condos: 2253 (2232, 2209, 2217)3 z* e' P( |4 L% M! Z% [) |
' @( _* E4 p% X0 Y c8 dInventory, 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. 3 v- H) [+ l4 c* s* Z1 D* r
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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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