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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: : g K, ]; R& c+ Z2 P
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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- g* w% G( _+ `2 E" _Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:* E3 v. J' M$ U* _' G2 v5 ?
5 w4 k" K6 T% j9 q; eNew listings: 456 (492, 455, 529)
: J# Z, ~* b7 _0 q# D% Q2 S, u# v% \# Sales: 198 (276, 228, 218)1 ]0 }- i- ], Z, b5 b9 e3 k
Ratio: 43% (56%, 50%, 41%)( R# P* r% w# g- i9 G
# Price changes: 341 (390, 363, 369)+ d7 ]$ p7 }7 T5 V
# Expired/Off Market Listings: 174 (221, 226, 204)) R1 ?8 a( Y' A1 K- ?1 k" B7 Y
Net loss/gain in listings this week: 84 (-5, 1, 107)! u( i+ _4 `3 ]
Active listings for single family homes: 3454 (3395, 3374, 3329)
6 z+ ?% p q: {6 \' z, ]Active listings for condos: 2253 (2232, 2209, 2217)& I/ M) E! h2 W: |4 \
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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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