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Edmonton real estate market - Home Prices Drop in July P# L$ r3 r0 e: f; o( b
" b. E7 z2 x# Z- w, XInformation was from the follow link:
2 F: l5 h% ~ e( zhttp://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:
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2 D7 [& V% E$ D( |4 Q% |1 uNew listings: 456 (492, 455, 529)
2 R0 _7 d' E1 }, i1 M( b. m/ B6 _# Sales: 198 (276, 228, 218)& N' [9 H/ m8 ^6 [; w B$ f
Ratio: 43% (56%, 50%, 41%)
" a- {! N/ N0 N9 l5 X# Price changes: 341 (390, 363, 369)
8 @2 C4 l2 |' |3 O( y# Expired/Off Market Listings: 174 (221, 226, 204)2 f [( J P8 r) P- F; I2 K
Net loss/gain in listings this week: 84 (-5, 1, 107)( T% m' p! t: e
Active listings for single family homes: 3454 (3395, 3374, 3329)' s( p5 v: K& z! L9 m' s. A- e6 V, \
Active 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. 1 y7 r+ D2 \' S! F6 e& r
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The 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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