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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 5 y3 d; E% Q0 J$ q0 R* k$ F+ I
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html9 f, W& Q8 g% u) [! p7 v, `
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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:( [' X" C- S% o2 c% z# f6 o4 m
. f, Y0 Q f3 g8 O5 _" X0 E- tNew listings: 456 (492, 455, 529): _. U3 y0 E9 X7 X2 u$ }
# Sales: 198 (276, 228, 218)
2 b4 ?! O2 @6 |0 U9 ]Ratio: 43% (56%, 50%, 41%)4 B8 G1 G8 \5 x+ U- f6 I7 }
# Price changes: 341 (390, 363, 369)1 c. Y) e. O# k5 Y4 y
# Expired/Off Market Listings: 174 (221, 226, 204)( ?( V; F7 k2 ~3 j @3 \0 b
Net loss/gain in listings this week: 84 (-5, 1, 107)) }5 O7 i, S. p- H7 J
Active listings for single family homes: 3454 (3395, 3374, 3329)
: d0 t) Z% A4 ?6 Z- \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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8 Z+ h! @$ T/ l. ?) \: t7 JThe 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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