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Edmonton real estate market - Home Prices Drop in July 6 r0 e( ^# @. ? o9 a
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Information was from the follow link: 8 n8 Z# s& y# {
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html/ i$ i ~$ o1 _8 J
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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:1 t7 c+ R7 n& J6 u. w' P
+ ?& n- j, x Z) X/ C$ o$ ]- ONew listings: 456 (492, 455, 529)
( V% A+ b9 j( i6 ]# c4 S. ]# Sales: 198 (276, 228, 218)5 o5 P7 R$ x) u+ Q7 @
Ratio: 43% (56%, 50%, 41%)
" W; J% l; e5 m8 `# Price changes: 341 (390, 363, 369)! }, f2 d: u* U; D
# Expired/Off Market Listings: 174 (221, 226, 204)
0 ^) Z6 V& @- _" i) }+ g$ INet loss/gain in listings this week: 84 (-5, 1, 107); Q0 [! y4 J1 `: @" ~6 q
Active listings for single family homes: 3454 (3395, 3374, 3329)
3 G: o. F: H: a% _* p* OActive listings for condos: 2253 (2232, 2209, 2217)
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# i" B, Z4 f% C# sInventory, 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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# p2 \; s4 n/ S5 LThe 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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