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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: + y7 W6 [7 N- D
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html! n5 z7 G- V* X! ~! P
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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:' ^& L' q: S ~8 E
5 S% ~" K2 u- QNew listings: 456 (492, 455, 529)
( G q3 i+ S$ A# Sales: 198 (276, 228, 218)+ }# L3 `" l) u8 H# E/ R/ n) i
Ratio: 43% (56%, 50%, 41%)( E$ c" x$ F6 h$ P( Z6 H
# Price changes: 341 (390, 363, 369)) `0 q/ Y5 S3 s5 T6 U/ m2 r% U
# Expired/Off Market Listings: 174 (221, 226, 204)) U2 H2 @& W/ O6 A: S" p* t
Net loss/gain in listings this week: 84 (-5, 1, 107)5 \# o. @5 p8 Y3 U$ a, j; B8 r
Active listings for single family homes: 3454 (3395, 3374, 3329)
) _. h& h8 p6 v5 Y. n' V! }9 hActive listings for condos: 2253 (2232, 2209, 2217)
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0 b- {; N1 R* JInventory, 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. $ _& R& t: {! D: Q
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" {. [0 |; z! X8 ] @. a6 NThe 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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