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Edmonton real estate market - Home Prices Drop in July 5 a- f/ v: E2 a* g$ x
: n: i) v, j4 y2 O& j3 B4 H! U9 tInformation was from the follow link:
3 U# H1 {& P$ c& G: ?. N* O# }http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html6 ~% v; R# u3 V: t! h# k( F+ Q7 V" {
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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:4 ]1 u" J/ |4 u$ w
4 m! W. f" `0 qNew listings: 456 (492, 455, 529)
- C( i# f1 u N8 r3 R! T7 z+ O# Sales: 198 (276, 228, 218)
" C! r8 ^3 L# q4 HRatio: 43% (56%, 50%, 41%)
7 p8 l! ]! ^2 q6 a. ^: k' h# Price changes: 341 (390, 363, 369); i3 C' b, I7 q1 Q7 W
# Expired/Off Market Listings: 174 (221, 226, 204)
# X$ m9 E& |) x( C S0 o" C. eNet loss/gain in listings this week: 84 (-5, 1, 107) @1 _ s8 g; G, B$ X2 A
Active listings for single family homes: 3454 (3395, 3374, 3329)
0 T7 C4 I6 A; K1 @6 R' u, ?Active listings for condos: 2253 (2232, 2209, 2217)# g1 p1 Y3 P0 Y9 O& X: `
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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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