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Edmonton real estate market - Home Prices Drop in July 9 K$ F6 C8 D) D( Z3 z" |
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Information was from the follow link:
+ A5 O& _, Z/ {+ lhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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, l( j, O% H4 m9 {6 V; hHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:* j, R0 X7 O V* U! }+ y8 }4 b4 r# |9 o
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New listings: 456 (492, 455, 529)
u9 V3 r t% C# Sales: 198 (276, 228, 218)
4 @* \0 U! H+ g% r" c5 p; XRatio: 43% (56%, 50%, 41%)
9 A2 W3 g: P, ?0 _4 z- J8 Z: n# Price changes: 341 (390, 363, 369)
2 ~; H% E# F/ @* \8 ?- D8 k2 O# Expired/Off Market Listings: 174 (221, 226, 204)
4 _# }: e Y8 V' S4 FNet loss/gain in listings this week: 84 (-5, 1, 107)5 B6 f6 o& b1 ~. N- d; N
Active listings for single family homes: 3454 (3395, 3374, 3329)5 c# L W0 |3 g7 }
Active listings for condos: 2253 (2232, 2209, 2217)
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' O* ?1 P8 x8 ^3 p4 }) }7 m: A! |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. ; O) e5 I# r. P/ k/ y
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. d- o s R( p3 X% BThe 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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