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Edmonton real estate market - Home Prices Drop in July 0 E- D2 ]9 A1 C; [, o: c
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Information was from the follow link: 9 D. o/ A! @ W
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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x4 P2 c" Q$ o% b& }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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* Q6 ?* y- Y3 o" E$ q( HNew listings: 456 (492, 455, 529)( J4 n k1 D* h, T4 P1 H$ M
# Sales: 198 (276, 228, 218)$ g8 O3 r: k0 m7 d8 {- ~4 J+ L3 F
Ratio: 43% (56%, 50%, 41%)
% P8 `2 l2 [# \4 e# Price changes: 341 (390, 363, 369)
' @, |1 A) Q& E2 [# z! _' J! V7 Z" J# v# Expired/Off Market Listings: 174 (221, 226, 204)
2 u3 F+ w/ P/ X# c3 ^! ONet loss/gain in listings this week: 84 (-5, 1, 107)
6 d: Q) X9 n* b" j2 OActive listings for single family homes: 3454 (3395, 3374, 3329)- g$ \0 f! x7 n, o, ~
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. 6 Y9 S. J [3 v$ Q& f! q, B
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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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