Quick Review of the Realtors Association Of Edmonton Monthly Press Release’s January- August 2010
Cooler prices in July are still up 1.5% from last year
Edmonton, August 4, 2010: While the summer temperatures rose in July, housing prices cooled and prices for all types of residential properties dipped slightly according to figures released by the REALTORS® Association of Edmonton. Single family dwelling prices slid 3.1% while condo prices were down 1.5% and duplex/rowhouse prices dipped just less than one percent. The all-residential average price dropped just 1.7%.
“The number of homes in the inventory is giving buyers’ choice,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “As a result many buyers are taking their time and prices are beginning to soften slightly. At the same time, some sellers who have been standing firm have been pushed to discount their initial list price.” Less than half of the active listings over 30 days have had a price reduction. However, 93% of July sales sold below the list with about 40% having already taken a price reduction. Read the rest of this entry »


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