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Edmonton real estate market - Home Prices Drop in July 7 Y- u( W3 t5 L7 k
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Information was from the follow link: # d3 P a" U+ m- f: r
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:! o. _! m& V) W5 h: I) \$ e3 ~+ _
/ y0 j8 H3 J3 h5 ]New listings: 456 (492, 455, 529)
* }/ u" _% [- Z+ N1 P! |# Sales: 198 (276, 228, 218)! u3 y9 o) T6 F: L
Ratio: 43% (56%, 50%, 41%)- K8 v3 j5 b5 S# m. j8 I% P [
# Price changes: 341 (390, 363, 369)6 a0 j& U* y8 O i3 |
# Expired/Off Market Listings: 174 (221, 226, 204)
E, w: X' u' UNet loss/gain in listings this week: 84 (-5, 1, 107)
- z/ M2 i. a* G* x$ TActive listings for single family homes: 3454 (3395, 3374, 3329)3 ^. b" K8 N& m; x; b$ t
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. & q* [$ N1 Z4 p0 @, x
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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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