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Edmonton real estate market - Home Prices Drop in July
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, p' W \% h( B, W: }: e q! [& jInformation was from the follow link:
! A9 t& P1 I# E4 \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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New listings: 456 (492, 455, 529)
4 g( u# {* a1 V0 _% v5 d i0 c: u1 R& }# Sales: 198 (276, 228, 218)
. V, A5 }' \1 d, vRatio: 43% (56%, 50%, 41%)6 G2 |- Z! Y6 }
# Price changes: 341 (390, 363, 369)
% N5 h; }! l/ K; }! }0 }5 Z# Expired/Off Market Listings: 174 (221, 226, 204)' K3 _( P1 j0 g* S$ p
Net loss/gain in listings this week: 84 (-5, 1, 107)7 z" n$ M! q% R" {4 [5 U% l
Active listings for single family homes: 3454 (3395, 3374, 3329) e: Q) Y) j2 o7 E: `# a
Active listings for condos: 2253 (2232, 2209, 2217) A1 j2 C- z, V( @- B2 d
0 d9 q# J) H+ o! m; |9 g% ZInventory, 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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