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Edmonton real estate market - Home Prices Drop in July 4 F; M# {& ?/ _& u) }$ @5 M: ^! Q
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Information was from the follow link: + {( u+ @( Y' Z' r+ ]
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html! g4 v5 Y+ G# ]
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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:
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New listings: 456 (492, 455, 529) z' [5 j5 g7 {+ s( b- P
# Sales: 198 (276, 228, 218)2 R, C- ?" I& K: f p5 p& N" T, A
Ratio: 43% (56%, 50%, 41%)
& R- g# z0 ^6 B7 k# Price changes: 341 (390, 363, 369)
6 I% o# j+ e# h+ P" G! ?# Expired/Off Market Listings: 174 (221, 226, 204)
0 f' t8 q) G* a4 D! x5 YNet loss/gain in listings this week: 84 (-5, 1, 107)
$ H& e9 T1 o8 V4 B' r3 l, I+ IActive listings for single family homes: 3454 (3395, 3374, 3329)
$ {! ~9 a) b& }7 s/ X U% |# }/ ]Active 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. 3 m; k2 v8 v! k$ y4 j
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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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