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Edmonton real estate market - Home Prices Drop in July 9 M' T( j# v. Q" o L* B3 W
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Information was from the follow link:
/ Y! K1 }" v9 k& z, _http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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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; n' W" e7 q5 E$ ^: l/ O: DNew listings: 456 (492, 455, 529)
' E& Z# ^8 Z! w% W4 W" t# Sales: 198 (276, 228, 218)* P7 l+ y: p- a2 T. r% R [: A
Ratio: 43% (56%, 50%, 41%)
# f6 q; V0 U% [7 l2 p4 J0 Z. y+ B# Price changes: 341 (390, 363, 369)
1 b3 B4 K& j; L$ Q9 p) L& Q% P# }# Expired/Off Market Listings: 174 (221, 226, 204)
2 B8 P; h+ @# L- p" uNet loss/gain in listings this week: 84 (-5, 1, 107)
' D3 I; [4 _6 f! Z! lActive listings for single family homes: 3454 (3395, 3374, 3329)
_4 B$ `3 Y2 X4 ~Active 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.
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+ `# _: H# C) B. {# w3 {5 O1 Z; W; sThe 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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