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Edmonton real estate market - Home Prices Drop in July
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+ E h* q$ j: ~# m, kInformation was from the follow link: 2 K3 S! K8 n0 m8 @2 h, O- l
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html; T8 Y+ P3 |; I: y+ R H
' G! X' h* u& u- A2 h8 Q! eHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:& q a7 P2 |8 P% f% ?8 f8 v3 U
5 A4 m+ T/ e0 b* lNew listings: 456 (492, 455, 529)
l1 U; w; A& V2 P7 w [- F' r1 H1 v# Sales: 198 (276, 228, 218)
/ x% a; v- g; L' s v4 v0 {2 DRatio: 43% (56%, 50%, 41%)
0 I- R5 x: |" K+ i; p% p& O# Price changes: 341 (390, 363, 369)6 R' m# Z7 s+ ` P. ~/ N- ^
# Expired/Off Market Listings: 174 (221, 226, 204): l: I6 Y4 U! j/ {
Net loss/gain in listings this week: 84 (-5, 1, 107)
: K7 D0 e1 \5 L$ ?; o7 NActive listings for single family homes: 3454 (3395, 3374, 3329)
4 q3 E+ m S9 X; f; V. LActive listings for condos: 2253 (2232, 2209, 2217)% X6 O) v A: E3 t3 J: p" C4 F
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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. 1 L7 C' l; j1 @1 O u7 u$ L
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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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