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Edmonton real estate market - Home Prices Drop in July ' r1 \0 Y) [( x. U+ h! C N
' ~& X; h! r, K: fInformation was from the follow link: ( W8 e9 X G8 V; ^
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html! P' l5 A' [; V
# J- ]) Y+ a% y: K/ x; l1 H6 z. C7 tHere 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)
, D+ W4 R' k* E/ L# Sales: 198 (276, 228, 218): h, t E2 N7 b4 j. t3 C
Ratio: 43% (56%, 50%, 41%)+ k* U) P# G2 |2 n; G7 v
# Price changes: 341 (390, 363, 369)4 V- F }& R5 w
# Expired/Off Market Listings: 174 (221, 226, 204)/ @( k2 V n/ L9 |
Net loss/gain in listings this week: 84 (-5, 1, 107)
3 H+ ]2 _2 R* `/ j9 ~ d vActive listings for single family homes: 3454 (3395, 3374, 3329)- Z6 _0 ]& I9 H, K
Active listings for condos: 2253 (2232, 2209, 2217)2 U" A& S3 d! A) q$ J' y( }
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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. : G) ~9 ^7 \( f" |/ q. ]
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, ^: A% U1 x. Q$ BThe 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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