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Edmonton real estate market - Home Prices Drop in July
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+ C; {7 d' w# {Information was from the follow link: + n, }- x c3 f4 I( d
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html6 {' E6 B# A/ x8 R3 j
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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:, a; z! O& l, K G; |5 `1 v' a9 R
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New listings: 456 (492, 455, 529)
; ^+ u( E h2 U* ?# l# Sales: 198 (276, 228, 218)
" W, X8 Y; [% H" SRatio: 43% (56%, 50%, 41%)
' i7 M' R+ _3 l) _" x# Price changes: 341 (390, 363, 369). i( R: q% G+ X# h Z$ V
# Expired/Off Market Listings: 174 (221, 226, 204)7 ~3 F, R7 k9 C2 S; G+ m7 G
Net loss/gain in listings this week: 84 (-5, 1, 107)
' @$ [4 Y. j) ~9 Y4 h, j6 VActive listings for single family homes: 3454 (3395, 3374, 3329)6 J2 Q- a7 o- x: i! c: }9 Z
Active listings for condos: 2253 (2232, 2209, 2217) ?5 ]+ ]: Y6 {& h/ v6 j
5 n; ]1 y+ [# 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. ; X% Z+ i1 K8 v n$ K& r: I
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) i" O) l* H" ^6 ~/ W8 iThe 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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