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Edmonton real estate market - Home Prices Drop in July ' |9 K0 c; K1 D8 n# W |7 c
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Information was from the follow link:
# ~7 O. G! R* |8 chttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html: s( `' I/ j8 U, o
5 d* m) `" `! H4 bHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:6 t+ w( n2 j! u; T7 _
; I! w" z3 `- [New listings: 456 (492, 455, 529)
* p; Q3 b9 b0 d* |/ D+ p: {! E# Sales: 198 (276, 228, 218)
$ u0 U6 E2 M- R8 z, E2 ARatio: 43% (56%, 50%, 41%)
4 ^% c5 h6 m* z2 C! L# Price changes: 341 (390, 363, 369)
0 J9 e; B- {. ?; h D. d V8 q# Expired/Off Market Listings: 174 (221, 226, 204), A% o4 c; ?9 M
Net loss/gain in listings this week: 84 (-5, 1, 107)
( l. K9 Y* P) e+ Z8 a' N0 K) EActive listings for single family homes: 3454 (3395, 3374, 3329)
5 }( q" ?' A, d" s! L8 h z: H# FActive listings for condos: 2253 (2232, 2209, 2217)4 G9 F, b2 U o0 `4 G. B" J
* n. \8 {! r! a& S' R( a1 zInventory, 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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