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Edmonton real estate market - Home Prices Drop in July % P* N9 X8 R0 f* L( v- p
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Information was from the follow link: 4 U. `5 N9 Z+ e8 R9 d6 ~3 ~
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html3 {; C5 N7 z3 B
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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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# T) I6 `+ R4 }& N7 z# eNew listings: 456 (492, 455, 529)
# G' J+ t: W( d) E% `+ _# Sales: 198 (276, 228, 218)* Z) T: J2 M! I2 h5 } r# ?( t! k" D
Ratio: 43% (56%, 50%, 41%)) l4 {6 s5 c( P1 g& j4 c; s- \
# Price changes: 341 (390, 363, 369)' `- f9 U+ _, j7 {/ F
# Expired/Off Market Listings: 174 (221, 226, 204)+ y& ~- S# {% b7 R+ B; x" o1 ^
Net loss/gain in listings this week: 84 (-5, 1, 107)% t8 h7 j, M7 Q/ I1 p/ D
Active listings for single family homes: 3454 (3395, 3374, 3329)
2 ~4 o4 j/ x# M0 J: ~3 C+ d0 lActive listings for condos: 2253 (2232, 2209, 2217)8 i# E+ L* [3 K' C4 m8 P
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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. . H) T# @8 \$ t6 j4 i
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$ ^4 K* ?. X- ]( z. R8 N! XThe 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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