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Edmonton real estate market - Home Prices Drop in July % n8 o+ {# I2 y( D/ S# p% x
% [+ |8 ?) _6 g3 G6 g' g: `9 j0 A' NInformation was from the follow link: o8 X8 u; h3 m0 s/ a! C4 A) Q, Q) l
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html' C1 o* O; s% @. ^5 E$ 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:$ @, [1 J2 X0 m& I
( c% F" Z% ]3 s; r1 lNew listings: 456 (492, 455, 529)2 a! n4 S& e7 [5 N- N. M
# Sales: 198 (276, 228, 218)
& z2 E& B: {/ W, R: U+ l* h1 P8 D: t1 mRatio: 43% (56%, 50%, 41%)
- J7 N3 d- ~ B4 @ u" Y& V# Price changes: 341 (390, 363, 369)7 H+ R6 _* y3 s
# Expired/Off Market Listings: 174 (221, 226, 204)/ R' k/ ~) v% e) y( c
Net loss/gain in listings this week: 84 (-5, 1, 107)
: E, O3 e5 }/ \Active listings for single family homes: 3454 (3395, 3374, 3329), z* Q- M/ n% E0 r9 K: B7 s0 S
Active listings for condos: 2253 (2232, 2209, 2217)
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6 f/ R: I8 n8 N0 K8 x$ k/ Q7 RInventory, 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. / V" O# B# p+ h0 c6 {
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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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