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Edmonton real estate market - Home Prices Drop in July 9 B+ C' {: f! y6 t
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Information was from the follow link:
: X( b: I: U9 A9 thttp://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)
% j4 w+ u2 L4 G3 f# Sales: 198 (276, 228, 218)$ b! d* b K& E8 P
Ratio: 43% (56%, 50%, 41%)' |9 G% s3 k- }9 f6 V
# Price changes: 341 (390, 363, 369)
* m$ n$ }" l1 {- h0 x# H& g# Expired/Off Market Listings: 174 (221, 226, 204) S# x) p0 G' |3 R5 m, E
Net loss/gain in listings this week: 84 (-5, 1, 107)
- ^# r' E: A' l6 J4 kActive listings for single family homes: 3454 (3395, 3374, 3329)
+ `" K. B% s% t2 yActive 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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