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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
0 |, Q/ `$ V8 v- Hhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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+ C% _- }! W. h4 {: CHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:" o$ Q% h8 i. {' Y- U
# I1 G) Q! D, Y- bNew listings: 456 (492, 455, 529)
7 t0 {: r, ]. O/ |; J5 \# Sales: 198 (276, 228, 218)
0 o |' f" F# U% HRatio: 43% (56%, 50%, 41%) R$ u. `% C" o7 Z* @8 t
# Price changes: 341 (390, 363, 369)
r/ V1 S/ m! z/ D: y8 C) A# Expired/Off Market Listings: 174 (221, 226, 204)
% W+ B8 H( H. g8 d7 {5 i0 gNet loss/gain in listings this week: 84 (-5, 1, 107): C; M, k' k! U9 C
Active listings for single family homes: 3454 (3395, 3374, 3329)
* D+ |! \5 z9 R5 G1 q iActive listings for condos: 2253 (2232, 2209, 2217)) n$ X. ^6 z5 G$ w
: {' @6 ?& W# KInventory, 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. ( i: V. S- }) T0 f: y7 Y: V. G
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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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