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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 3 U$ s4 J( b0 ?% x" k
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html! l3 J% h3 t q- d; Q T2 F5 x
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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:
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New listings: 456 (492, 455, 529)
. S0 N. N, h: |+ y: w. w# L# Sales: 198 (276, 228, 218)1 I V7 X0 `/ r# I; d; l( n
Ratio: 43% (56%, 50%, 41%)
! G- m- o0 u" l X6 B y# Price changes: 341 (390, 363, 369)
' @' a5 \+ i! f4 n5 \8 a2 r# Expired/Off Market Listings: 174 (221, 226, 204)5 e! \& [1 ]( N1 ]
Net loss/gain in listings this week: 84 (-5, 1, 107)% f( h5 \3 Y7 R+ r
Active listings for single family homes: 3454 (3395, 3374, 3329)$ ~: _1 e* }! d7 ?0 I2 K3 x$ }
Active listings for condos: 2253 (2232, 2209, 2217)5 Q* S3 X& h& O) _
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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. 4 K& V4 Y2 Y6 k# g/ e K4 W4 P+ H
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: e0 G* O' w+ E2 A# |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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