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Edmonton real estate market - Home Prices Drop in July
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8 x% X$ b9 T; S9 GInformation was from the follow link: 3 E S/ Z ^7 t' Y
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html/ ?4 h! u. i2 R5 f3 f, K) J1 B
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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:. }, X7 I3 |8 v% S/ Q" {' w! r
% x+ _! a- t2 l( d: ENew listings: 456 (492, 455, 529)( V) x2 L. J4 k& | e7 j0 q
# Sales: 198 (276, 228, 218)
; l* ~* z% z7 d% }+ cRatio: 43% (56%, 50%, 41%): Z1 H( u5 p7 y* y8 ]
# Price changes: 341 (390, 363, 369)
* i# E' Z+ ^- `4 q h# Expired/Off Market Listings: 174 (221, 226, 204)
j$ p- H$ v2 {% L5 yNet loss/gain in listings this week: 84 (-5, 1, 107)% Y/ k/ q/ H: n
Active listings for single family homes: 3454 (3395, 3374, 3329)
' a: x, b6 _( a j- ^1 dActive listings for condos: 2253 (2232, 2209, 2217)
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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. 5 D: T9 B5 N, p( c% o4 {5 c
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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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