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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
5 ~ q3 M1 ]: E" v3 A. _2 Vhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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# n, u+ X' v' O2 Z- o2 d: vHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:3 u3 Y+ z! U4 G- |8 Q6 L2 B
- z! ], c6 T% T- y7 c# g8 cNew listings: 456 (492, 455, 529)1 ^! z* B8 t# j& b! D
# Sales: 198 (276, 228, 218)6 P2 U/ C; D6 L2 `+ e/ {0 D0 |% X
Ratio: 43% (56%, 50%, 41%)0 l' @ z+ j( w6 p
# Price changes: 341 (390, 363, 369)
3 E" X5 g- i1 R% d3 f; I# Expired/Off Market Listings: 174 (221, 226, 204)- b) y7 b6 Q8 C$ t$ v( p) L
Net loss/gain in listings this week: 84 (-5, 1, 107)
9 k; l1 ?$ ]' g! }3 \+ fActive listings for single family homes: 3454 (3395, 3374, 3329): J" u$ B, v$ _ a. R( T# B5 |2 v3 {
Active listings for condos: 2253 (2232, 2209, 2217)5 W# x6 U) N1 p+ V3 V0 _
" n1 N+ Z6 _/ l) B* [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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