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Edmonton real estate market - Home Prices Drop in July 1 H' G: T5 x1 a- o: O' ~. }6 v
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Information was from the follow link: 4 p: Z9 I) d6 V
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:( U h& l2 j7 u& u; p) p* Y+ _& ^
7 M) k% N1 h0 F+ KNew listings: 456 (492, 455, 529), O1 c9 g Q& j% y4 ?/ E
# Sales: 198 (276, 228, 218)
% S; ~/ r! y+ Z4 w. ERatio: 43% (56%, 50%, 41%)
, J- `. u8 x8 J3 n( N/ W3 l: O# Price changes: 341 (390, 363, 369); o" N$ N7 `" }9 x/ c5 B
# Expired/Off Market Listings: 174 (221, 226, 204), U5 j: p* j/ g$ u; ]% ]
Net loss/gain in listings this week: 84 (-5, 1, 107)
4 L- F- F( a) P. f* zActive listings for single family homes: 3454 (3395, 3374, 3329)5 ]6 I+ i8 C" u q% M% @
Active 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. 9 H. x6 [8 d1 W- j; H; Q# i
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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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