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Edmonton real estate market - Home Prices Drop in July - m9 F/ O2 e; x6 H1 C' Y4 j
4 |* y1 ]0 o% x4 t" zInformation was from the follow link:
% O) `' ^' E; ?8 g# t* C$ Z. Ohttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html' ~( N- X6 Q \: Y' J
# a. I$ ~3 \ F2 g7 I; 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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New listings: 456 (492, 455, 529)
, D7 a4 k2 H0 s5 g. ^# Sales: 198 (276, 228, 218)
4 r, Y) q( p' S/ Z4 \+ zRatio: 43% (56%, 50%, 41%)
: @. f. F! _% S5 y2 Q# Price changes: 341 (390, 363, 369)
0 w* f# q1 |5 h$ u4 ~# Expired/Off Market Listings: 174 (221, 226, 204)# ~1 _' {& x1 Y9 Q
Net loss/gain in listings this week: 84 (-5, 1, 107)
o }# w% ?- c( p6 e9 f! WActive listings for single family homes: 3454 (3395, 3374, 3329)/ j. E1 ^2 @ ^+ @; _ v
Active listings for condos: 2253 (2232, 2209, 2217)8 }, a3 G, g- A
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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. # x8 K7 ?; P) b- u$ F
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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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