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Edmonton real estate market - Home Prices Drop in July
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6 `+ z# Z( m* l3 y* X/ z: m eInformation was from the follow link: 9 R' e9 M3 x1 c* f
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html- u" j4 j0 E2 K `% B% X
/ p) X0 Q" h3 d; W" F4 ^& GHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:$ i$ ^3 n) _& S6 S& F% Y3 N/ z
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New listings: 456 (492, 455, 529)& P8 x! e- x4 N j# R
# Sales: 198 (276, 228, 218)) H) {$ G8 @8 k q- C" E
Ratio: 43% (56%, 50%, 41%)8 y q1 n# r) h. ^2 R
# Price changes: 341 (390, 363, 369)' ?8 `. W9 ?9 ]2 U& ]! l, j* E
# Expired/Off Market Listings: 174 (221, 226, 204)
* U8 r' ? B# v) C. K$ `Net loss/gain in listings this week: 84 (-5, 1, 107). N. i' d2 F) o7 @- k/ [# v7 [- K5 d' z
Active listings for single family homes: 3454 (3395, 3374, 3329)
, q8 l3 u: h8 M0 PActive 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. % X9 c8 V3 r+ ?2 S0 j& n0 d
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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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