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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: G# q5 Q- I0 s) I1 _% I; |
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html6 i1 W# t6 u! G- F- Q- y
+ l0 [; c: ~, GHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:' F9 H6 e- h- A9 r" e8 w: X) t% @
3 c5 @1 |( {5 S' cNew listings: 456 (492, 455, 529)
6 y4 w$ t& W( m* M3 P# Sales: 198 (276, 228, 218)
+ ~# Z9 q, y" PRatio: 43% (56%, 50%, 41%)
& f- w5 b# d5 \6 V0 [$ b4 j: M1 a# Price changes: 341 (390, 363, 369)- Y* q7 B3 F T
# Expired/Off Market Listings: 174 (221, 226, 204) M) t" D9 G" E( s) m
Net loss/gain in listings this week: 84 (-5, 1, 107)$ H7 N6 {' f. w4 d1 z: u1 u
Active listings for single family homes: 3454 (3395, 3374, 3329)# L: k7 C9 }7 u; B& o: f8 v
Active listings for condos: 2253 (2232, 2209, 2217)
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* t( f! S5 X# dInventory, 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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5 D$ c N) f8 H, l4 o' s0 HThe 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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