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Edmonton real estate market - Home Prices Drop in July
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! D6 ]/ @3 J" _Information was from the follow link: / U; `) B0 X" \1 f& x- H2 \
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html) `) e5 t( R$ ?, z. E
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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:) q2 m& m! N) s
) N4 ^& p" u( _, I1 ]New listings: 456 (492, 455, 529); K2 ?& j9 Y# } m6 X
# Sales: 198 (276, 228, 218)
# D |: s2 d S5 H, \" jRatio: 43% (56%, 50%, 41%)
: B! p3 O( X* \/ @0 T) E9 X# Price changes: 341 (390, 363, 369)
3 Q# n* q, x7 F% O. u# Expired/Off Market Listings: 174 (221, 226, 204)
! G( Z# N5 D. I0 WNet loss/gain in listings this week: 84 (-5, 1, 107)
; n; g& u7 z! O# DActive listings for single family homes: 3454 (3395, 3374, 3329)
; w& v% Y, ^5 H) ^/ E' OActive listings for condos: 2253 (2232, 2209, 2217)
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9 y- K. O3 c2 r: 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. . R( m S$ f. G7 a; N# p5 B$ T
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7 k/ Z! @3 P$ W: E+ s" AThe 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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