As the Journal's Ron Chalmers reported a couple of weeks ago, the latest monthly stats from the Realtors Association of Edmonton show average single-family house prices slipped $115 to $417,150 in July, while condo prices rose 2.5 per cent to $271,908.
Gregg Becker, Jayman MasterBuilt's Edmonton-area general manager, sees the same trend unfolding. "We're looking at inventories now that are higher than anything we've seen since 1994. We also saw a resale price drop in June for the first time in a long while, and a lot of the major home builders are sitting with a good number of homes in inventory," he notes.
