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Edmonton real estate market - Home Prices Drop in July
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7 s* V! _, W3 p7 e& Y4 dInformation was from the follow link: 0 Y/ h. H+ i6 r4 C$ J7 \& `
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html- l) |+ b4 x/ V- c% V
3 C( `$ c* F' W* C0 v* W. a2 @; N/ Z; eHere 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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. I; G1 P9 w) a( |& {1 d5 `New listings: 456 (492, 455, 529)
! G+ ^9 s2 `: z$ `# Sales: 198 (276, 228, 218)
$ o; J% W1 g# X; ]Ratio: 43% (56%, 50%, 41%). y7 h4 C6 |. Z9 X/ m2 R
# Price changes: 341 (390, 363, 369)
( ]- D& T( o( H' ^4 M2 q; |# Expired/Off Market Listings: 174 (221, 226, 204)9 {8 j5 V, t1 ^! \
Net loss/gain in listings this week: 84 (-5, 1, 107)+ E, }% U( x5 S3 m" Z3 N
Active listings for single family homes: 3454 (3395, 3374, 3329)
. h" T& Z! O" OActive listings for condos: 2253 (2232, 2209, 2217): Q E& r1 t8 L
! i2 {+ N) b7 D( s/ x, [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.
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- n3 }- o) X7 F( xThe 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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