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Edmonton real estate market - Home Prices Drop in July
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# b7 K6 r8 ^+ p jInformation was from the follow link:
& U4 \# j" P8 Q& A$ ?$ o9 w0 N, {http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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& g6 {/ u' R! NHere 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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$ E2 P- W$ b& R1 O) Z+ [ P, XNew listings: 456 (492, 455, 529): k/ p/ G. B [8 G8 D
# Sales: 198 (276, 228, 218)7 S7 w. Y) Q' S2 Z& b @3 h# f9 L4 m
Ratio: 43% (56%, 50%, 41%)
8 k. I5 }2 f3 ]! [- q# Price changes: 341 (390, 363, 369)
0 D" T* j9 }7 C# Expired/Off Market Listings: 174 (221, 226, 204)
" U+ }8 W* ]5 m* z% xNet loss/gain in listings this week: 84 (-5, 1, 107)
6 w) I3 L: Z+ Q. p/ o4 _( i& dActive listings for single family homes: 3454 (3395, 3374, 3329)
7 w* C& f h0 v- l5 P$ ^4 kActive 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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