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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 9 D/ l, S! M: L; {5 B9 @
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html$ {! `0 g" O3 W+ t: m# i
- K6 Y* K; x9 SHere 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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- I% b: e1 G. o' L9 \New listings: 456 (492, 455, 529)
4 g; g( `( m; ^; d# Sales: 198 (276, 228, 218)4 G7 Z+ m* o) E2 C+ v8 C2 |( H4 i* X
Ratio: 43% (56%, 50%, 41%)
* K! y: Y6 t: Q; F. r; e4 n" N# Price changes: 341 (390, 363, 369)$ H) m. a; j2 E3 @
# Expired/Off Market Listings: 174 (221, 226, 204)) w5 N0 s5 ~: J% m" n
Net loss/gain in listings this week: 84 (-5, 1, 107)1 k/ [* K& w" U/ a9 n; h
Active listings for single family homes: 3454 (3395, 3374, 3329)- L# x8 S1 m8 V* A2 n6 w1 S1 [: h7 @
Active listings for condos: 2253 (2232, 2209, 2217)
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7 ]3 C6 T0 ]+ s! ^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. # L; _/ |% p* @: a
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0 i* a( S1 p9 T, e7 FThe 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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