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Edmonton real estate market - Home Prices Drop in July ' X: `: l/ I/ t
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Information was from the follow link: ( t6 k% O* c; ]7 B1 }% G
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html- I2 r5 G0 p! A& k3 t
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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:
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9 c7 X, j3 g6 q% c+ d, ^New listings: 456 (492, 455, 529)( H0 i) F( @8 d) T) \
# Sales: 198 (276, 228, 218)
* \' O! F) F$ j I& d( k6 D) fRatio: 43% (56%, 50%, 41%)3 W! ~ A& `2 y
# Price changes: 341 (390, 363, 369)
* D+ P* ^/ Q. ] H% D) C9 a# Expired/Off Market Listings: 174 (221, 226, 204)
! `' l, o: G L8 j+ KNet loss/gain in listings this week: 84 (-5, 1, 107)
& N% z- T. B3 V" X0 c8 ~5 @Active listings for single family homes: 3454 (3395, 3374, 3329)
' _$ k- N1 p+ i! tActive 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. & z0 T0 m7 I+ k% e6 N
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) ^1 L. A2 k! S" s6 QThe 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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