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Edmonton real estate market - Home Prices Drop in July
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7 }: m, z" o, J$ c, W9 x6 c9 H2 CInformation was from the follow link: 3 p/ P! N3 x/ M) Y u
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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:* T8 z# O, L$ F
) m3 {2 g) a) L/ @New listings: 456 (492, 455, 529)
; Q/ x$ A( g5 r. l* D# Sales: 198 (276, 228, 218)0 ?- m( a; y% J
Ratio: 43% (56%, 50%, 41%)
" ]; Y5 @" r. B+ ~# ?8 J. ?1 T# Price changes: 341 (390, 363, 369)
# E e3 `# l3 L- d# Expired/Off Market Listings: 174 (221, 226, 204)8 [5 C Q4 e, L4 z7 d3 k; l9 n0 F! N
Net loss/gain in listings this week: 84 (-5, 1, 107)" Y7 _2 x$ p p; z( t* e
Active listings for single family homes: 3454 (3395, 3374, 3329)
: I& z* _* R7 a$ A: V3 V9 ^Active listings for condos: 2253 (2232, 2209, 2217)
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! q5 s: s" g( G8 v WInventory, 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. 5 x2 W R ^3 }
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9 j/ E! y5 Z8 f, ^: M3 pThe 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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