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Edmonton real estate market - Home Prices Drop in July : D9 i) b5 }8 L* N: _3 X$ h
7 s1 s* ]! Y9 |# F. t' T4 RInformation was from the follow link: : _4 i" y, ~% g: ~) X
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html2 V# Z# d! Z+ Y+ z/ u9 q! _1 g( ?
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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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% L1 x. S' O& [' j3 cNew listings: 456 (492, 455, 529)
4 z7 Z4 s+ s m9 z8 Y# Sales: 198 (276, 228, 218)
) H2 e' G h$ j; V& D$ Q9 A& f3 bRatio: 43% (56%, 50%, 41%)! E% ~# F1 s7 }- |
# Price changes: 341 (390, 363, 369)
1 W# r" \$ N5 s8 |: Q$ H5 T: V" f# Expired/Off Market Listings: 174 (221, 226, 204)1 p# R0 C; G+ j5 D7 g
Net loss/gain in listings this week: 84 (-5, 1, 107)
$ R+ b* X: G6 tActive listings for single family homes: 3454 (3395, 3374, 3329)
+ e6 R# q7 ~# t& CActive listings for condos: 2253 (2232, 2209, 2217)- [* n0 n5 N/ ]2 Q
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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.
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1 A! w1 l1 \% w. A$ }! 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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