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Edmonton real estate market - Home Prices Drop in July
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% `+ z$ {" ^8 p7 l Y6 D7 ]8 n$ RInformation was from the follow link:
' i1 T9 L& t5 Uhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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3 e/ [( J# N1 {9 H! dHere 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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, o8 n. M! \$ r4 DNew listings: 456 (492, 455, 529)
" b6 {: C9 D+ j& P- B/ ]/ N# Sales: 198 (276, 228, 218)8 k# p Z* @ H; L6 |4 V2 T0 u3 V
Ratio: 43% (56%, 50%, 41%)0 |. x- Y2 ?6 Z, E
# Price changes: 341 (390, 363, 369)
/ S' e* g6 _: @# }2 S3 t" P# Expired/Off Market Listings: 174 (221, 226, 204)
$ X9 O- F# b% n5 iNet loss/gain in listings this week: 84 (-5, 1, 107)
, K9 ?# B+ T: i3 J, Q) b% tActive listings for single family homes: 3454 (3395, 3374, 3329)
# m& [) V! I, n6 Q7 oActive listings for condos: 2253 (2232, 2209, 2217)& f+ j5 e2 x8 f' G6 d+ T. H% r
4 X/ V* N5 l% q% {# ]6 M: T% RInventory, 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. ; c! Q0 j, P# }7 |( S+ r( M
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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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