JUNE Market Update STATISTICALLY SPEAKING
- Prices coming back a bit and Properties are beginning to selling faster...
We had strong sales that drove the sales to listing ratio to 80% from 68% last month.
Prices continue to climb with one month increases of 0.6% for single family dwellings and 1% increases for condominiums.
The average days on market was 60 days or more early in the ...
Posted by Am Sandhu
on September 28, 2009
So far we are liking what we are seeing moving into August 2009. We anticipate the market to cool slightly into September onward as it usually does in the seasonal cycles historically...see graph below:
But, July 2009 Sales were still strong in the overall Edmonton Market for the Single Family Homes – pushing up the Average Sale price of a home from $369,859 tpo $ 372,741 (up ...
Posted by Am Sandhu
on September 28, 2009
Downside:
Residential sales through the Edmonton and Area Multiple Listing Service® in August were lower than the number posted in July
There were a total of 1,673 sales last month as compared to 2,277 in July (a monthly record)
The average* SFD sold for $366,788 in August, down 1.6 percent from the previous month (July).
Condominium prices were down in August; dropping less than one percent
Upside: ...
Posted by Am Sandhu
on September 28, 2009