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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: * k6 l, O8 z- H
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html3 t$ V% ?+ J/ q$ K
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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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New listings: 456 (492, 455, 529)8 E. S! [ g+ @# T7 u3 T
# Sales: 198 (276, 228, 218)
4 X) R9 f3 v4 ^& ZRatio: 43% (56%, 50%, 41%)
' o& o/ ?" @. U4 y2 y# Price changes: 341 (390, 363, 369)4 A- r: g$ ]2 z9 V8 `2 Q
# Expired/Off Market Listings: 174 (221, 226, 204)
% m# Y* L! _+ V" c" ]Net loss/gain in listings this week: 84 (-5, 1, 107)/ f) m9 n5 f% ^( P
Active listings for single family homes: 3454 (3395, 3374, 3329)
8 ^! r* L; F6 ^Active listings for condos: 2253 (2232, 2209, 2217)
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* H7 z! i/ H9 ^$ oInventory, 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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+ c4 l9 Y7 N6 O3 o8 L, D3 JThe 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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