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Edmonton real estate market - Home Prices Drop in July ! Q% l9 s: R M* I5 q8 v! J( P
! a! W) W+ g- x" N& A& r2 DInformation was from the follow link: , K6 g, j; H$ s
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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# i& @. r' D% q0 f! T% i4 pHere 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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2 r' i4 f% T) g1 @$ WNew listings: 456 (492, 455, 529)& r5 L5 n. F# I3 Q3 A- |
# Sales: 198 (276, 228, 218)# q5 n- T# ?4 m1 _4 s
Ratio: 43% (56%, 50%, 41%)+ G; T h0 g# [
# Price changes: 341 (390, 363, 369)
; m/ j3 F4 E6 J. h- l. A% [# Expired/Off Market Listings: 174 (221, 226, 204)7 a, c( o" l. k0 T' |& }+ N+ z
Net loss/gain in listings this week: 84 (-5, 1, 107)
. A) K, H2 K/ W; V3 _Active listings for single family homes: 3454 (3395, 3374, 3329)
0 F4 v8 n1 c) V7 I3 m" oActive listings for condos: 2253 (2232, 2209, 2217)
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: ?+ K* w. W0 X) K0 ^% G& ~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. 6 J5 B1 S8 ^. e& t P) Z x
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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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