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Edmonton real estate market - Home Prices Drop in July * N7 I. {2 q1 w9 B# j, m
( u. d! e9 Y, q$ v2 z$ JInformation was from the follow link: # g1 \4 ^! e- \# L
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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; [( y( A* o; ]' \New listings: 456 (492, 455, 529). G4 O: J/ Y& I, {# D1 _
# Sales: 198 (276, 228, 218)9 u2 s b7 W' f; y$ T' P+ I2 ^
Ratio: 43% (56%, 50%, 41%)
; I0 G) t7 |" I) Y/ Y% s# Price changes: 341 (390, 363, 369)! ]: U5 y( R; E T4 W
# Expired/Off Market Listings: 174 (221, 226, 204)
+ a& S: \1 b8 P6 Y! ]% c8 v7 ONet loss/gain in listings this week: 84 (-5, 1, 107)+ \* B$ ]& N* ?9 @
Active listings for single family homes: 3454 (3395, 3374, 3329)2 F5 o" f+ D6 ^( E( Q) p
Active listings for condos: 2253 (2232, 2209, 2217)
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' B/ _+ W5 L) J& X9 s/ P" y2 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. 4 h1 p8 F% w; \: ]! ?1 ~/ F
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G" n" Z, u- @& wThe 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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