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Edmonton real estate market - Home Prices Drop in July
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7 T2 u7 f* }9 j3 R$ z9 WInformation was from the follow link:
+ n# j' A9 S" N3 }; U1 \http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html& U9 a1 x: z% i9 c, X
. _ s; h. f4 K' a/ qHere 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)
8 K5 A6 r2 ^$ J4 J& v! w! x4 L; z# Sales: 198 (276, 228, 218)
* R4 z# L1 F/ s- k" zRatio: 43% (56%, 50%, 41%); R2 q5 |3 _! K& c5 c
# Price changes: 341 (390, 363, 369)
8 e7 s8 `" `) A/ Z+ K2 r/ Y$ L! x# Expired/Off Market Listings: 174 (221, 226, 204)0 ~9 Z$ x d5 C3 K" v
Net loss/gain in listings this week: 84 (-5, 1, 107)
5 l) |) Q& W- `, f% V) VActive listings for single family homes: 3454 (3395, 3374, 3329)
1 _+ @6 l; _+ q1 o% ~3 B$ v! U5 \2 pActive listings for condos: 2253 (2232, 2209, 2217)
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m/ u% K" c$ b: KInventory, 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. 6 R( Z* j* U" a, \% }! T' b& o2 a
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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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