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Edmonton real estate market - Home Prices Drop in July
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# }* X- C/ T' g u- g v9 Z1 _Information was from the follow link: 1 J9 S1 G6 w) \/ d
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html" |- p- ?" k& E* s7 `& k
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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:
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7 ~+ ~/ |: }6 ?/ V; R' hNew listings: 456 (492, 455, 529)
3 D& p+ n; Y; G% v" _8 n, J4 Y! T# Sales: 198 (276, 228, 218)
/ F( y/ N# V" N7 q! i. GRatio: 43% (56%, 50%, 41%)# C1 M( c+ Z# _# {1 b
# Price changes: 341 (390, 363, 369)
" v, l& I0 n6 u9 d; s5 T8 w# Expired/Off Market Listings: 174 (221, 226, 204)) W8 ~9 i$ @' n8 L% e* _
Net loss/gain in listings this week: 84 (-5, 1, 107)
4 t/ G F. v J WActive listings for single family homes: 3454 (3395, 3374, 3329)0 g; J2 a+ n- ~
Active listings for condos: 2253 (2232, 2209, 2217)1 H! O& \" M4 i. o1 F
7 z( {" v) x1 OInventory, 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. + T6 j& r# V1 H" q a$ 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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