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Edmonton real estate market - Home Prices Drop in July
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& U! ^6 c4 o6 pInformation was from the follow link: , @& N% H1 B$ H" a2 t0 j
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html3 B8 }0 R/ u- e
# R6 ~7 Y' R) yHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:2 a2 M, X& j6 }# p: j0 L; z% d! H
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New listings: 456 (492, 455, 529)) O$ b1 F F* x: y
# Sales: 198 (276, 228, 218)
1 M( A8 F+ i5 o0 CRatio: 43% (56%, 50%, 41%)) |( |% t0 {4 ?' U3 {
# Price changes: 341 (390, 363, 369)# K: [( J- g) L5 g9 H
# Expired/Off Market Listings: 174 (221, 226, 204)! j7 b$ A4 M' C ~
Net loss/gain in listings this week: 84 (-5, 1, 107)5 n; G1 c; Q" w' I& L
Active listings for single family homes: 3454 (3395, 3374, 3329)/ t- b4 B1 Q1 D6 K
Active listings for condos: 2253 (2232, 2209, 2217)
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z2 F A' m1 p& y3 HInventory, 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. 3 E/ U, Z& x4 B9 {: ~! N4 e
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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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