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Edmonton real estate market - Home Prices Drop in July
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" r0 {/ c) k8 T; x4 ~Information was from the follow link: 6 q$ X2 H8 E3 P. ~
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html* m7 X- h4 D2 ^4 a. |6 ]
8 |: U$ I" V( _4 b. WHere 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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9 U/ A; z1 _2 Q* ONew listings: 456 (492, 455, 529)
3 `' z- b8 k, n' S# Sales: 198 (276, 228, 218)- n& ^9 m' d$ ~) N
Ratio: 43% (56%, 50%, 41%)1 U* O6 O) s& u, H& c: m/ k0 Q
# Price changes: 341 (390, 363, 369): H0 y' V+ o2 W# M4 C1 E2 ?
# Expired/Off Market Listings: 174 (221, 226, 204): e, }$ y; q- f
Net loss/gain in listings this week: 84 (-5, 1, 107)
0 h1 B z% b9 TActive listings for single family homes: 3454 (3395, 3374, 3329)
2 n) L8 u+ e. K3 y4 P9 ^# b3 nActive listings for condos: 2253 (2232, 2209, 2217)/ B! T) K, N( v5 D$ f8 ~; j
F0 N" p; l) rInventory, 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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