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Edmonton real estate market - Home Prices Drop in July 7 {3 d' S4 q. @) W- f
: W5 a+ B) l' s( D. w# F5 H1 FInformation was from the follow link: 2 F. O* x' t/ X) ]
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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8 b! d3 d9 f! s, Y. } \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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New listings: 456 (492, 455, 529)
5 j x$ ~7 Z! ?! I1 w# j4 a# Sales: 198 (276, 228, 218)
2 Y0 _5 x: L& B4 ]) s% S1 w3 b6 s+ ERatio: 43% (56%, 50%, 41%)' h6 }5 }! q4 Q& Q1 I; i S+ S! I
# Price changes: 341 (390, 363, 369)# Y) ]" ^% R4 _, i6 x0 V* O" H( Y
# Expired/Off Market Listings: 174 (221, 226, 204)
/ i7 V% M& U/ i/ q2 n5 `Net loss/gain in listings this week: 84 (-5, 1, 107)
, A) q# f4 _$ K* E9 ~' e* qActive listings for single family homes: 3454 (3395, 3374, 3329)
) a2 W) m7 q6 Q4 k. E9 U z8 hActive listings for condos: 2253 (2232, 2209, 2217)! f9 D6 L* C7 G% m3 Z! n3 g
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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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" d/ @7 c/ I/ U' A1 g3 K5 |, ]The 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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