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Edmonton real estate market - Home Prices Drop in July
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3 q" g4 P7 p) n/ P$ R. jInformation was from the follow link:
# y. Y3 _- p( W: bhttp://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:
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New listings: 456 (492, 455, 529)
, q( j" B/ \* K- n# Sales: 198 (276, 228, 218)8 `! X0 ~; z7 S1 E& x2 k
Ratio: 43% (56%, 50%, 41%)
7 I, H4 G$ l" u" e# O i# Price changes: 341 (390, 363, 369)
! ~' k/ Z3 n) @% q$ ]# Expired/Off Market Listings: 174 (221, 226, 204)
/ r6 K( U4 d$ r9 Y1 W4 cNet loss/gain in listings this week: 84 (-5, 1, 107)$ x$ M9 U. Z4 A i2 n
Active listings for single family homes: 3454 (3395, 3374, 3329)
4 m" r: B* p5 @# T3 N9 q3 _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. ( Y6 J3 p) G/ s( B
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1 d, Y" u4 F; bThe 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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