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Edmonton real estate market - Home Prices Drop in July 0 F8 [/ N8 i6 L3 v7 @; D# Y
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Information was from the follow link: 6 s6 p* h+ j7 w" ^5 b" j1 K
http://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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9 x2 p# c6 G0 dNew listings: 456 (492, 455, 529)3 i# T9 r& j2 {* z2 J2 t
# Sales: 198 (276, 228, 218); E$ h9 H( p% @& [. n4 d
Ratio: 43% (56%, 50%, 41%)
3 K$ m, @( l. n/ Z- G% n: S1 }: D# Price changes: 341 (390, 363, 369); ]( O. q3 q+ E
# Expired/Off Market Listings: 174 (221, 226, 204)
/ P$ o9 i2 _% A: JNet loss/gain in listings this week: 84 (-5, 1, 107)- q" {& y+ c* y2 V+ z X
Active listings for single family homes: 3454 (3395, 3374, 3329)
3 F1 K! C3 `/ o+ E* P$ gActive 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.
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6 x* z' O. M! |# ]7 kThe 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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