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Edmonton real estate market - Home Prices Drop in July ' A% Q9 E, k- C
2 `+ `% E% g; RInformation was from the follow link:
R. `3 j7 K5 u7 p) Y% ehttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html* r8 i- q9 r( n M8 m' ^" H0 f
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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 n' F: H6 X; |& Z6 z
! v" T+ t$ {: e# L; pNew listings: 456 (492, 455, 529)% d7 x' w: P0 W, p& \6 b: d
# Sales: 198 (276, 228, 218)% _9 p1 N* L7 {
Ratio: 43% (56%, 50%, 41%)
0 y# Y* l2 u* F1 x# Price changes: 341 (390, 363, 369)2 L9 Z- D7 h/ c: q0 N- m! M
# Expired/Off Market Listings: 174 (221, 226, 204)8 u+ l- N; h0 y% K9 j
Net loss/gain in listings this week: 84 (-5, 1, 107)( e( R0 s& ? |; A5 |7 W- Z
Active listings for single family homes: 3454 (3395, 3374, 3329)2 w, t) p/ x- G# B3 J! b
Active 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.
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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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