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Edmonton real estate market - Home Prices Drop in July : {) ]3 Z6 R" Z, F- i+ c
4 w" r. \; u& M4 H8 _Information was from the follow link:
1 H* P5 | ]3 n+ {. xhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html: F8 e+ D" s7 o4 w9 G. o
- C8 J/ }; O& u" E3 j9 q* L' e' p) \. aHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:7 ?# }/ ?+ d' Q2 g5 r7 |6 j. H4 }
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New listings: 456 (492, 455, 529)" l+ c/ U9 B) a+ I
# Sales: 198 (276, 228, 218)+ A3 d; [: y/ h9 Q, A# m e
Ratio: 43% (56%, 50%, 41%)
2 l! G. n( W8 e5 z- q/ L4 x# Price changes: 341 (390, 363, 369)
$ G- q9 U Y( N w% W: [# Expired/Off Market Listings: 174 (221, 226, 204)5 S Y% y& ~* j V9 h' l2 Q8 \! c8 D
Net loss/gain in listings this week: 84 (-5, 1, 107)0 |' Y& j7 n" s/ \1 r
Active listings for single family homes: 3454 (3395, 3374, 3329)
+ R$ I5 L; m+ Q+ V7 s iActive 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. ! P. b8 c6 O2 E' i& Y- b& w
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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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