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Edmonton real estate market - Home Prices Drop in July
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1 ~! R$ H0 D6 WInformation was from the follow link: ' e7 T& k+ s" c5 h$ O. z1 f
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html) X: J" a; Y' R- o% {) j5 g
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Here 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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New listings: 456 (492, 455, 529)
, `! n8 Q/ W. I$ n7 b# Sales: 198 (276, 228, 218)
% ]0 @5 A3 G+ x3 _/ ^Ratio: 43% (56%, 50%, 41%), H: g7 F# e/ u' C% \
# Price changes: 341 (390, 363, 369)
0 {+ n) W/ E7 L# Expired/Off Market Listings: 174 (221, 226, 204)$ g4 Y J1 E3 F' F8 z2 B
Net loss/gain in listings this week: 84 (-5, 1, 107)
8 |/ I) G8 _9 D! I" @ BActive listings for single family homes: 3454 (3395, 3374, 3329)
( D/ u! w% F5 ~7 x/ {9 w, CActive listings for condos: 2253 (2232, 2209, 2217)1 z! z7 B9 a2 M9 X" `. U# r
* j; P' Q1 t( R, C" o* AInventory, 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. 5 O% W5 j z: ]3 ?' ?$ ~# E
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b) w! h3 _; B- f; eThe 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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