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Edmonton real estate market - Home Prices Drop in July Y2 f& O! }$ l6 X
% Q: j" X; R' |) [9 AInformation was from the follow link:
3 e4 o" b- ?- M% s, i+ q* i0 x) ^* s, y0 Yhttp://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:9 B1 m9 h' S2 }$ ]$ r
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New listings: 456 (492, 455, 529)+ L; B2 Q4 T2 o$ A
# Sales: 198 (276, 228, 218)9 z1 R E$ T! o! F2 S! l1 k
Ratio: 43% (56%, 50%, 41%)3 n* ]6 ~7 Y0 t/ _& a
# Price changes: 341 (390, 363, 369)
' T* N% t6 h% N, x# Expired/Off Market Listings: 174 (221, 226, 204)
7 G8 y) b+ L+ b. P) H% B* e& p0 lNet loss/gain in listings this week: 84 (-5, 1, 107)
7 a. i2 X* v$ h: Y8 I1 Q. IActive listings for single family homes: 3454 (3395, 3374, 3329)
' s U* F8 f+ f" IActive listings for condos: 2253 (2232, 2209, 2217)
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4 L6 v% B" h9 c- V- D' SInventory, 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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