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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: , E/ D J3 i+ P" l7 {
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html- E& D# |2 H. u, R: S$ s( T* O# P% m% R# Y
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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:/ U/ y& `8 G6 o. H
% w' t: A0 {: QNew listings: 456 (492, 455, 529)
- t- t- i7 N. H% t6 G" {; U- G# Sales: 198 (276, 228, 218)8 U0 H1 p3 e- V* E
Ratio: 43% (56%, 50%, 41%)
9 |/ @1 A6 Z5 w: Y |3 l( Z# Price changes: 341 (390, 363, 369)
8 D% x/ l7 ]9 f; I; s# o# Expired/Off Market Listings: 174 (221, 226, 204)1 ]7 A- k# h) l. z8 K7 N
Net loss/gain in listings this week: 84 (-5, 1, 107): N' J4 e: m+ H9 S7 v$ y ]& A
Active listings for single family homes: 3454 (3395, 3374, 3329)2 l6 F. z3 M& z9 y/ p4 k
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. ( H0 F" `! u C3 @5 }+ T/ D' a
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" S! y {0 [! H, @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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