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Edmonton real estate market - Home Prices Drop in July 3 N( Y) A4 C+ K
! r- \+ _4 h) c6 A& k% l; xInformation was from the follow link:
2 s5 A) C: K r) [& Y* Vhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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/ z! ]* Y2 s5 T5 Q5 \3 E% n. F0 q/ zHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:. ?; S, c* N, a
6 ^, ]9 W+ y7 P6 L3 PNew listings: 456 (492, 455, 529)
2 ?6 m+ g/ s, T# Sales: 198 (276, 228, 218)) ` A* Q8 Y7 {0 g( j
Ratio: 43% (56%, 50%, 41%)
. j$ A2 D. j3 k2 s. n* L( [4 c# Price changes: 341 (390, 363, 369)
% ]/ K5 K+ O( v) W- b) i0 r# Expired/Off Market Listings: 174 (221, 226, 204)
( m( P' t& y4 ~* GNet loss/gain in listings this week: 84 (-5, 1, 107)- C( J5 ^7 i7 p# F `2 c
Active listings for single family homes: 3454 (3395, 3374, 3329)2 l* O' R( D; T, K* p. f+ J0 m& |6 A
Active listings for condos: 2253 (2232, 2209, 2217)
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( k+ n0 g! T( C! q" ]5 W2 ?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.
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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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