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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
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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): k- ~' j% s: {5 G
# Sales: 198 (276, 228, 218)3 y: w: B9 W+ x8 K5 u
Ratio: 43% (56%, 50%, 41%)- k# |6 r' y4 ^
# Price changes: 341 (390, 363, 369): Y7 b; e, Z9 l1 A* c7 H
# Expired/Off Market Listings: 174 (221, 226, 204): o+ \1 u+ U$ v0 G( d3 [9 M7 ?% |, V
Net loss/gain in listings this week: 84 (-5, 1, 107)8 _7 t6 D* M! u8 t
Active listings for single family homes: 3454 (3395, 3374, 3329)3 D1 H7 i3 Y0 [0 x1 y0 P7 |
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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