Prices dip as result of higher inventory
July 2015 stats from Edmonton real estate board:
AVERAGE-DAYS-ON-MARKET–50-Days
SALES-TO-LISTING-RATIO–53%
HOMES-LISTED-FOR SALE-OVER $1M–190 homes
HOMES-SOLD-YTD-OVER $1M-70 homes
PRICES DIP AS RESULT OF HIGHER INVENTORY
статистика за июль 2015
количество дней на маркете –50-Days
отношение продаж к листингам –53%
количество домов, дороже миллиона на рынке –190 homes
количество ПРОДАННЫХ домов, дороже миллиона с начала года -70 homes
цены понизились из-за большого количества домов на рынке
Edmonton, AUGUST 4, 2015: Prices for all residential properties in the Edmonton for July were down from the previous month
.
The average all residential price was $372,910 (down 1.4% from June) due mostly to the drop in price of single family homes to $436,948 (down 1.8%). The drop was not felt across all categories with condo prices up 0.4% at an average of $256,708 and duplex/rowhouse prices up 1.4% from June at an average of $356,237.
While all residential average prices were down month over month, they still remained 3.3% higher than July of last year.
With reported all residential sales in July down 9.8% from June and down 2.8% from last year, average days on market is up to 50.
This is up from 46 average days on market in July 2014.
Single family dwellings spent an average of 48 days on market in July of 2015, duplex/rowhouses were at 43 days, and condos at 54 days.
“We have seen the biggest drop in condominium sales year to date at 14%. That drop coupled with an increase of condo listings of 17% explains why condos are taking longer on average to sell.
Some of these buyers may be moving over to duplex/townhouse options which is the only residential category showing an increase of sales of 6% year to date.”
There were 73 properties over a million dollars sold by this time last year, the exact same number as this year.
Inventory is still strong at 7,226 for the Edmonton CMA at the end of July 2015, up slightly from 7,177 in June and much higher than the 5,609 available in July of 2014.
All residential listings were up year over year by 14.9% but down month over month from June by 2.2%.
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