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Edmonton real estate market - Home Prices Drop in July , W6 y! V8 D4 h3 R/ g' [
/ o+ b# m& W, [8 X% r! MInformation was from the follow link:
+ `2 J- W/ ]$ d1 uhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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6 w2 d* E/ b1 C) b- V, v; XHere 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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) k! p( x+ c$ @# B+ B0 K, \; f* w1 GNew listings: 456 (492, 455, 529)( a5 Z* ^: L& y9 n* z
# Sales: 198 (276, 228, 218)
# r) @0 ?, |7 X" DRatio: 43% (56%, 50%, 41%)/ }. B' S+ U" P* i6 S9 l
# Price changes: 341 (390, 363, 369): h/ c8 c# K+ B f# C
# Expired/Off Market Listings: 174 (221, 226, 204)
2 l& x+ [; A$ C8 XNet loss/gain in listings this week: 84 (-5, 1, 107)
% R, F7 k& Q; R1 \' Y3 d! x1 x PActive listings for single family homes: 3454 (3395, 3374, 3329)( A+ A* _* ]6 p+ o+ x. ~
Active listings for condos: 2253 (2232, 2209, 2217): h' G7 Q, _0 x
( {4 `* q- N, t! Q5 x; k9 LInventory, 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. F4 x" |* R/ S4 u. }. D# J
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5 D7 Q& O! N) o* UThe 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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