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Edmonton real estate market - Home Prices Drop in July + v4 r; A s7 ]7 } O7 n/ z
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Information was from the follow link: - e6 h+ R: B# k$ N u: o# i6 a
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:$ U9 ^; f1 g" L3 u
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New listings: 456 (492, 455, 529)" z- Z, R& h' J2 y& }( j' k
# Sales: 198 (276, 228, 218)% G, R9 V7 M* F/ V5 ]0 S
Ratio: 43% (56%, 50%, 41%) {- @0 Y1 o, G3 ]3 @7 z b$ g
# Price changes: 341 (390, 363, 369)
& _) O, J @( z; L# Expired/Off Market Listings: 174 (221, 226, 204)9 O5 f. W% w, O% _' X" }
Net loss/gain in listings this week: 84 (-5, 1, 107)" y; }2 O2 w6 T6 h
Active listings for single family homes: 3454 (3395, 3374, 3329)
7 |( a$ j* U% H* e) cActive listings for condos: 2253 (2232, 2209, 2217)
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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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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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