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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: / t# |1 S: I: d1 [! H0 p
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html# x' B8 C3 @( t7 Q( `, b/ V
, j) i% x2 X$ E& nHere 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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4 Z( k! i2 r2 G! w& \. v2 |+ ~New listings: 456 (492, 455, 529)
3 {+ `7 N7 ~3 a3 n7 B# Sales: 198 (276, 228, 218)
4 M+ ~* e# v/ t4 n5 tRatio: 43% (56%, 50%, 41%)
7 ^+ v( p; n4 L& x# Price changes: 341 (390, 363, 369)- Y* o$ ?2 l2 F5 b. m8 v- {. i
# Expired/Off Market Listings: 174 (221, 226, 204)
9 N7 f+ H: f1 VNet loss/gain in listings this week: 84 (-5, 1, 107)
+ V, c N8 {% T3 |- X6 |0 lActive listings for single family homes: 3454 (3395, 3374, 3329)
* Y' f' G, I- Q7 j. W2 n. B) kActive listings for condos: 2253 (2232, 2209, 2217)
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9 Z, T" e9 m3 z( f/ O5 `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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" M9 L0 h- [ e' |( w8 aThe 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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