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Edmonton real estate market - Home Prices Drop in July
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/ h' m+ G$ \3 H% q* g, v" `5 \$ @Information was from the follow link: 3 p6 }+ @% B6 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:$ |( m9 [4 q' H. q; b9 l7 {
9 r3 ]! H) D) C4 o& X0 _New listings: 456 (492, 455, 529)6 S2 p' W# j5 v* U5 y6 k* n
# Sales: 198 (276, 228, 218)
$ U1 _; o! F% Q0 Y" [" D) kRatio: 43% (56%, 50%, 41%)% S+ @* S% j; g) d
# Price changes: 341 (390, 363, 369) O6 O( V( a6 o! _. p3 M
# Expired/Off Market Listings: 174 (221, 226, 204)' |8 ]% D# b, {4 \" B& @9 e
Net loss/gain in listings this week: 84 (-5, 1, 107)% x3 n: x5 M5 C, r" d. p
Active listings for single family homes: 3454 (3395, 3374, 3329)( c( g: I( S- G% B8 B4 u+ h& e# \
Active listings for condos: 2253 (2232, 2209, 2217)7 L. G* N3 ~5 B, `4 B6 C
! C# Q5 G/ K' JInventory, 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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