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Edmonton real estate market - Home Prices Drop in July 2 U& ~/ V! `: I
, j: b8 v' Q4 b" ]4 S; r& EInformation was from the follow link:
. C, O' ?1 N+ {; Ehttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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. @7 ]7 I* ^* a( ~" J& Y( C% 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). G! {( y4 ]5 z
# Sales: 198 (276, 228, 218)
1 y m0 o: a) P HRatio: 43% (56%, 50%, 41%)
7 E; m$ K) v% L9 y' H7 A# Price changes: 341 (390, 363, 369)* V% [# G8 m/ R
# Expired/Off Market Listings: 174 (221, 226, 204)1 n5 P: v" f! a( Y y7 F; M
Net loss/gain in listings this week: 84 (-5, 1, 107)5 O" J# k( L6 l* c( q
Active listings for single family homes: 3454 (3395, 3374, 3329)
7 M4 N" Z7 l$ d3 [7 l; EActive listings for condos: 2253 (2232, 2209, 2217)8 i! L6 Q7 y, z$ ]! M1 ~
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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. 3 }3 x! }; @/ u& v
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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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