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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
3 L+ j& v/ H" t' \! ^; L l3 ihttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html+ \6 M# u) u0 l. A
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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:$ H, |! m5 o0 X- G7 o* O
( H0 X. {4 e9 e, d/ aNew listings: 456 (492, 455, 529)
& Y# I! l* o6 M# Sales: 198 (276, 228, 218)* @/ B, }' H( m% Y# A, K
Ratio: 43% (56%, 50%, 41%)6 h j- W: S9 ?( {, O
# Price changes: 341 (390, 363, 369)
3 \+ U0 I/ B0 x( r5 y- A# Expired/Off Market Listings: 174 (221, 226, 204)
* n C7 m% a! ?' g7 c# L% h: p( zNet loss/gain in listings this week: 84 (-5, 1, 107)
2 o% H# V* J1 a3 _9 |) FActive listings for single family homes: 3454 (3395, 3374, 3329)
6 q Q3 e. C- vActive listings for condos: 2253 (2232, 2209, 2217): b6 Y5 F& g% |/ A& ]4 R
. c) C. R8 _& p4 i- K# HInventory, 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. 1 t$ y+ L& n- |# G X4 g1 L. v
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6 |! p+ n# G$ {5 f( 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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