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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: " s0 Y$ V/ E! \, c+ [
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html% l5 r" z8 t& l2 A1 a
" }- m% ~. l0 J! \! t4 U. g, {Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:/ @: z3 @# H8 m% r1 v
`$ q$ H$ [( h8 U/ ?New listings: 456 (492, 455, 529)
b+ L" H: S+ A! t) I: x# Sales: 198 (276, 228, 218)2 K- u* w; I& A
Ratio: 43% (56%, 50%, 41%)
/ W8 H1 |0 m' b. ]- a; M# Price changes: 341 (390, 363, 369)
- L. q! a8 {9 ]2 Q6 ^# Expired/Off Market Listings: 174 (221, 226, 204)
, l2 x' G Z& w" u6 [5 r1 [Net loss/gain in listings this week: 84 (-5, 1, 107)4 e4 a, d* q5 k% n0 y4 \9 x, x
Active listings for single family homes: 3454 (3395, 3374, 3329), d7 n5 a6 ~* e5 |
Active listings for condos: 2253 (2232, 2209, 2217)
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& i. J# g* ^# Z3 V" b2 ~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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