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Edmonton real estate market - Home Prices Drop in July 9 z4 Y7 q" b+ }* y; B" E7 x o
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Information was from the follow link: 5 x, L2 l4 |0 o6 w
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html- T$ R& q3 u+ ` M
]0 C) l" ~# SHere 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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2 {& g0 z( s2 k, f; F% l' U2 q; GNew listings: 456 (492, 455, 529)* [; y4 k: C" ]3 k% O. |
# Sales: 198 (276, 228, 218), a: i9 e, c0 W( i
Ratio: 43% (56%, 50%, 41%)
& v( Z9 P1 ^% i2 t2 Q2 Q# Price changes: 341 (390, 363, 369)
. h4 i$ T' q6 H9 B* l# Expired/Off Market Listings: 174 (221, 226, 204)5 ~/ R; T, {4 {, b0 V
Net loss/gain in listings this week: 84 (-5, 1, 107)
& A8 ^% a1 b2 r( Z. M7 t1 P0 [Active listings for single family homes: 3454 (3395, 3374, 3329)' N0 N2 r7 f z+ {; k4 Y
Active listings for condos: 2253 (2232, 2209, 2217)
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9 T0 i8 o- H" c% p2 `- }- ~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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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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