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Edmonton real estate market - Home Prices Drop in July 2 t4 R9 h* K5 p$ ~0 H% D1 k3 k. {( i* A
1 C% K$ c& {, j0 W8 oInformation was from the follow link:
3 S- H6 G0 Q/ j& ]/ h& O2 Thttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html+ A, \ q9 ^' F
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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:2 y; B9 w* N& [( Z' ]0 }! I0 I
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New listings: 456 (492, 455, 529)/ v5 R- b5 |, x2 l
# Sales: 198 (276, 228, 218)/ I/ I) }* A6 I) d8 u
Ratio: 43% (56%, 50%, 41%)
' a2 k1 N1 f* V/ f% D, _# Price changes: 341 (390, 363, 369)
Y, e6 n. Y" @9 q. l# Expired/Off Market Listings: 174 (221, 226, 204)
! V+ f& U/ c! {6 g# jNet loss/gain in listings this week: 84 (-5, 1, 107)- L: u4 ^3 k, F8 X( M4 {$ y
Active listings for single family homes: 3454 (3395, 3374, 3329), K$ c3 _8 _. N. Q3 D
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.
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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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