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Edmonton real estate market - Home Prices Drop in July
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! Z5 T# ]! z0 fInformation was from the follow link: % J3 b; s' x. w0 K& S1 `2 r7 z' K
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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:3 Q8 B0 K" s- m6 y7 E
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New listings: 456 (492, 455, 529)9 w- x7 M( I3 ]2 ], `
# Sales: 198 (276, 228, 218)! i' q' S% Q/ H1 c5 H
Ratio: 43% (56%, 50%, 41%)5 A3 f% b9 ?* t: @1 h, j
# Price changes: 341 (390, 363, 369)! W" M7 T1 I" r1 |# u
# Expired/Off Market Listings: 174 (221, 226, 204)
: C7 V8 b3 u0 a& y# f) Y% Q5 ^, ZNet loss/gain in listings this week: 84 (-5, 1, 107)
( ~+ l% `' p# S7 |5 |6 ?Active listings for single family homes: 3454 (3395, 3374, 3329)
; ]% N8 O7 m5 M! F3 j% J1 mActive 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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