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Edmonton real estate market - Home Prices Drop in July 6 _8 x6 r5 K' ^8 o1 E% W2 W
4 P" n H: t m1 a' BInformation was from the follow link: 8 ^: X" c* ^% I1 w: D& u& P
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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:* K1 P4 j& i; u7 g
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New listings: 456 (492, 455, 529)& Z! j9 H( A- u1 D$ i3 n8 |) t
# Sales: 198 (276, 228, 218)+ N H3 `% [4 P- w6 i4 r
Ratio: 43% (56%, 50%, 41%)
( s2 c- B4 S. x# |( V# }/ G4 i# Price changes: 341 (390, 363, 369)5 j: B* `, W- q: I9 \# P
# Expired/Off Market Listings: 174 (221, 226, 204)9 c, ~0 w5 P* w+ Q4 ~8 O# _
Net loss/gain in listings this week: 84 (-5, 1, 107)# {, u& `& F M3 I1 x* D6 ?
Active listings for single family homes: 3454 (3395, 3374, 3329)
6 I+ O+ A+ [1 JActive listings for condos: 2253 (2232, 2209, 2217)7 A7 F7 J" K# U; q/ F" W# b
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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. 1 z. e1 ]+ o1 }' E
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7 ^) j4 y; I4 f" s$ k7 l" o& S1 GThe 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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