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Edmonton real estate market - Home Prices Drop in July 4 \! S6 p, f9 e, q( T; [* s
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Information was from the follow link: & U' j5 w+ v4 o) W( [- H' \
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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New listings: 456 (492, 455, 529)
; R3 n& k+ F( @ P4 S& I# Sales: 198 (276, 228, 218)
7 l# t: _* ~- r: JRatio: 43% (56%, 50%, 41%)2 a N- d% [$ F! D
# Price changes: 341 (390, 363, 369)
: d& a: a" r2 W' U( l* U# Expired/Off Market Listings: 174 (221, 226, 204)
/ a0 Y i N6 V: r. Y% q* tNet loss/gain in listings this week: 84 (-5, 1, 107)
- K2 B0 _0 i% I4 hActive listings for single family homes: 3454 (3395, 3374, 3329)
6 h" @' z4 j4 gActive listings for condos: 2253 (2232, 2209, 2217)/ M: O* Y- h. c. o% K) }* [' c3 j: c
5 ^* K- v5 W5 k3 S7 sInventory, 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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/ a4 P0 P: i- D6 CThe 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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