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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
, `* D) _' \) ^% e" U& b! C, {5 C C4 ^http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html/ r9 d- X) K9 s1 K; {. [+ d9 Y+ {" _( t
& j" p$ l* W4 ]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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7 g2 a: d- n# k, H. G" s( Y- P. MNew listings: 456 (492, 455, 529)* r' _5 Z8 z3 |/ I; t
# Sales: 198 (276, 228, 218)
& E6 I, U' g% X' `. q/ T; tRatio: 43% (56%, 50%, 41%)
: x/ m& U. F& s/ V% ?: S4 L# Price changes: 341 (390, 363, 369)
+ L( I3 J {! }8 y$ M5 N+ q ]: Z$ T% i# Expired/Off Market Listings: 174 (221, 226, 204)
5 d0 H; l0 `1 E5 q; pNet loss/gain in listings this week: 84 (-5, 1, 107)2 ?. k K8 u H% |
Active listings for single family homes: 3454 (3395, 3374, 3329)6 T, w/ ~. V" X- t% _
Active listings for condos: 2253 (2232, 2209, 2217)
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) u5 }7 U D7 D0 M7 ` {; cInventory, 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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4 Y' ~9 x- ]8 h& tThe 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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