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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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h. f4 P" A5 b+ w) yHere 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)1 d1 z) e: `( j m" a p8 o+ @2 X
# Sales: 198 (276, 228, 218)* ~: s0 k; J1 l4 z& z" O b
Ratio: 43% (56%, 50%, 41%)
; z/ t5 `# w5 v% s- y# b" X; K# Price changes: 341 (390, 363, 369)+ `& I' P3 t$ [, `6 }! z6 B7 r
# Expired/Off Market Listings: 174 (221, 226, 204)+ m+ T0 Y. R0 u. D- z- I& w$ Q
Net loss/gain in listings this week: 84 (-5, 1, 107)3 x7 w }$ e6 s/ y' o. D# L! r
Active listings for single family homes: 3454 (3395, 3374, 3329)
; E2 I* r* [6 O* U8 r# e4 ?Active listings for condos: 2253 (2232, 2209, 2217)8 K0 c7 V! U3 t2 T0 P
: T& H" J( b4 _% FInventory, 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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3 Z2 H, }' p$ z6 v# {" {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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