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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 2 Y5 ^7 u8 f, x/ z" o' s9 Q
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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, ]' d D2 L8 F, |8 HHere 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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3 h5 `, n- ^3 |3 m7 C# d8 n# SNew listings: 456 (492, 455, 529)9 s: J7 J! _6 t# Z |' R- l
# Sales: 198 (276, 228, 218)
) V; O3 k# p4 J! X+ z+ R0 RRatio: 43% (56%, 50%, 41%)
) E, o3 L8 S& Q9 N( \/ \# Price changes: 341 (390, 363, 369)& o6 q* {" k7 Z1 M4 j
# Expired/Off Market Listings: 174 (221, 226, 204)1 O9 A% N2 E# q$ K6 h# I3 Q9 t0 a
Net loss/gain in listings this week: 84 (-5, 1, 107)
3 E( ~$ e* ^3 A# {% r" w0 hActive listings for single family homes: 3454 (3395, 3374, 3329); L/ ]7 W: S* h
Active listings for condos: 2253 (2232, 2209, 2217)
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" @, V t5 x% x8 QInventory, 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. : V& P; ^# r9 r b
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4 w1 ~) r4 e) O; E$ ]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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