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Edmonton real estate market - Home Prices Drop in July
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8 s. {0 ^# c. W! z. _' N: |: TInformation was from the follow link:
# ]+ A ]3 J0 @5 m6 Thttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html3 v) H! I) F3 I8 v& _ A& ~' P8 i
* |+ J- h* W/ h7 x% }Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:9 b: N# s5 h+ ~9 B
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New listings: 456 (492, 455, 529)$ x$ G. t' M! `' S# v
# Sales: 198 (276, 228, 218)" k: K8 o, T" _3 D
Ratio: 43% (56%, 50%, 41%)0 U1 R( r' x8 c; I
# Price changes: 341 (390, 363, 369)
$ J& I! `& {! a9 W3 `' C- Q# Expired/Off Market Listings: 174 (221, 226, 204)
; {3 ]& a2 m: WNet loss/gain in listings this week: 84 (-5, 1, 107)
" Z* B, G; m$ [Active listings for single family homes: 3454 (3395, 3374, 3329)5 N& ]7 q7 e9 _6 b! D8 i5 t3 a) H- S
Active listings for condos: 2253 (2232, 2209, 2217)3 ?" E% o# |" `, j% _
3 t% d& f! E' g+ ?9 f! 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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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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