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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: g' @( B/ R0 ?4 }# D) G$ _( R
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:
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3 Z# R; C3 C) _6 ANew listings: 456 (492, 455, 529)' Q: r2 r- i$ P2 I, j! H# M
# Sales: 198 (276, 228, 218). C4 d9 P! _2 D& [
Ratio: 43% (56%, 50%, 41%)+ I3 \% O2 f8 H6 |7 l" o! p h$ c
# Price changes: 341 (390, 363, 369)
% e9 r& J* Q) v# Expired/Off Market Listings: 174 (221, 226, 204)
7 I: K t8 C$ o2 HNet loss/gain in listings this week: 84 (-5, 1, 107) }! v: P* N5 ?) |) L
Active listings for single family homes: 3454 (3395, 3374, 3329)
4 }7 @# u# n0 s y& K8 T' n9 EActive listings for condos: 2253 (2232, 2209, 2217)( H4 f0 M5 F& Q/ d
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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 X+ A5 ]0 K7 z$ G9 m) |7 F
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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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