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Edmonton real estate market - Home Prices Drop in July
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1 {6 S9 R" O7 u& E: R" ]7 t) WInformation was from the follow link: $ q$ \: @5 H5 g5 I& |, B
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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1 P3 i4 f& O/ N% d0 A3 q- }4 Y* lHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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3 v& T1 v* M- Q- a5 m; B( zNew listings: 456 (492, 455, 529)
6 D- t6 G2 S; A0 {# Sales: 198 (276, 228, 218)+ S1 _ ]+ V& ~) ~2 s( q7 n( V
Ratio: 43% (56%, 50%, 41%)
5 D7 H4 |8 f$ U* [4 T- U# Price changes: 341 (390, 363, 369)* M6 s; d9 P1 c1 z7 S r* G) E5 X
# Expired/Off Market Listings: 174 (221, 226, 204). d% M( w+ j# \4 _ j& Z1 i
Net loss/gain in listings this week: 84 (-5, 1, 107)
5 Z0 Q: W: a. W" ~2 F" j1 CActive listings for single family homes: 3454 (3395, 3374, 3329)
. `) w0 Q/ P( ?1 z4 w" T8 kActive listings for condos: 2253 (2232, 2209, 2217)
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+ |* B! L+ w& [# X. QInventory, 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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