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Edmonton real estate market - Home Prices Drop in July
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% c; _% z: H- K2 ]: U9 n3 F HInformation was from the follow link: 6 @9 E. F6 S6 r2 s1 q. Y- e) t. C* h
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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:4 w8 ?: A/ I# ?- O0 V0 {3 p
2 p' E# \9 a) J7 S& b) l* r# O5 }- MNew listings: 456 (492, 455, 529)
# l7 Y1 f. N7 G7 E/ D' ?; S I3 k# Sales: 198 (276, 228, 218)' M5 @0 {& F4 n t/ j8 w
Ratio: 43% (56%, 50%, 41%)
( S9 G# }' W; u# Price changes: 341 (390, 363, 369)/ l8 E2 a- B' d- c
# Expired/Off Market Listings: 174 (221, 226, 204)
3 \6 I0 E8 L- C @' ? |Net loss/gain in listings this week: 84 (-5, 1, 107)
. U; p7 a- ^. v/ q, q$ bActive listings for single family homes: 3454 (3395, 3374, 3329)
! u0 E# k8 O9 \( TActive listings for condos: 2253 (2232, 2209, 2217)' w2 N, I$ b4 b: `
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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.
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( `9 f7 e. V: I( oThe 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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