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Edmonton real estate market - Home Prices Drop in July
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8 m7 X. ?/ F; ~0 i8 D0 KInformation was from the follow link: ; a; l' e4 V. O8 A3 F
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html: `# Y! b; b% Z( M. M- 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:8 z' T: Y1 E" w c/ u) ]
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New listings: 456 (492, 455, 529)! }# D# _% N9 a# i
# Sales: 198 (276, 228, 218)( m, P ~! ]. i3 d
Ratio: 43% (56%, 50%, 41%) \( b, c* U6 a" k& f
# Price changes: 341 (390, 363, 369)
3 i) i8 s/ j7 K. _ z# Expired/Off Market Listings: 174 (221, 226, 204)* J2 q+ G" [) H! B9 w4 @, C
Net loss/gain in listings this week: 84 (-5, 1, 107)1 ~7 h# r3 t# U7 f: a* B4 w
Active listings for single family homes: 3454 (3395, 3374, 3329)
7 \% I3 z, g7 oActive listings for condos: 2253 (2232, 2209, 2217)
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3 B: f E" U6 r% b# A" H$ 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. " f$ B) U5 ^& E9 ^/ e& h, k
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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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