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Edmonton real estate market - Home Prices Drop in July ! H: H- o2 y5 O; ~% ?/ s( r
( Z9 X/ x$ Y( h, X6 RInformation was from the follow link: 6 l0 j( O$ ^$ u# [! R$ ~ ~4 |) u
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html* y3 N, w* g. \; a- `0 O! I
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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:7 c% M) w7 u! k
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New listings: 456 (492, 455, 529)* k6 _# C- _8 K) Q0 `+ e
# Sales: 198 (276, 228, 218)& q6 ]7 V4 y Y/ b
Ratio: 43% (56%, 50%, 41%)
" v& C S/ M) z- S4 q C) w# Price changes: 341 (390, 363, 369)3 u+ @* w, |) ~: k
# Expired/Off Market Listings: 174 (221, 226, 204)8 Z+ L+ ]0 @1 z: K7 e& F
Net loss/gain in listings this week: 84 (-5, 1, 107)
. ^0 l% x! a) ^3 rActive listings for single family homes: 3454 (3395, 3374, 3329)' f/ S; b/ L0 A3 ?
Active listings for condos: 2253 (2232, 2209, 2217)
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: S) U9 M; {/ m7 vInventory, 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. ; V7 K7 s% V; y
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2 Q8 s% m: O) E0 j4 GThe 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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