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Edmonton real estate market - Home Prices Drop in July
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1 t6 e) }! o3 r" e& Q" KInformation was from the follow link: - _, i/ w; i8 E) t g
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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/ @* A7 [0 L6 CHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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( r0 F6 s7 ~2 _. N* H& g. kNew listings: 456 (492, 455, 529)
5 {& G6 E2 d* \4 B2 T! D7 b# Sales: 198 (276, 228, 218)% ]. r/ ]0 i1 R6 H' o* i$ T' o O
Ratio: 43% (56%, 50%, 41%)
5 J G6 f& V3 u" O" V; O0 W: s# Price changes: 341 (390, 363, 369)# G( b! ~/ a4 P8 H7 P3 i6 ?$ \
# Expired/Off Market Listings: 174 (221, 226, 204)/ J+ f5 _" `5 y1 x+ M8 i& Y
Net loss/gain in listings this week: 84 (-5, 1, 107)
" ?& U0 |# x e5 u/ f( D* xActive listings for single family homes: 3454 (3395, 3374, 3329)% E. y! Q0 v8 T3 f6 t6 E
Active listings for condos: 2253 (2232, 2209, 2217)
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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. ' t& O7 U, a' \' k( a' P
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6 u1 k) O) x- _/ ^, ?& wThe 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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