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Edmonton real estate market - Home Prices Drop in July $ m. \* F; S6 O o ~5 x: p
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Information was from the follow link: / i2 i& d3 b5 e4 b' {; L( }' j% H
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html; y8 d/ N4 Z8 O0 y. `9 l: Z4 I
2 _8 M1 g* N! F/ `Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:; |+ |8 o. \5 G7 _! [% _5 D1 U) ?
0 ^/ b. B$ T6 ~( m4 y5 q' q1 gNew listings: 456 (492, 455, 529)( E" _! [1 c6 O1 ^
# Sales: 198 (276, 228, 218)! j5 Y% n6 H9 K8 J( G
Ratio: 43% (56%, 50%, 41%)
! D* b6 F) w, @% w# Price changes: 341 (390, 363, 369)
- V% I$ b# M; i# K$ q3 C, S( J# Expired/Off Market Listings: 174 (221, 226, 204)
l/ z( n0 {& W) FNet loss/gain in listings this week: 84 (-5, 1, 107)
& B4 C. N B* P4 VActive listings for single family homes: 3454 (3395, 3374, 3329)
1 R+ i" S3 I; R9 A' SActive listings for condos: 2253 (2232, 2209, 2217)/ V$ K4 k+ t! M
, k" L" e* w2 O7 `& BInventory, 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. . B2 Q0 I+ b+ ]" {5 u7 D
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( V6 Z. b8 O I1 N/ |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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