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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
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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:$ `3 x9 j/ b) \- }+ J
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New listings: 456 (492, 455, 529)
) o9 G6 Y3 e* R g2 T- l: W# Sales: 198 (276, 228, 218)
9 Y! z; ~. v4 _. r9 @8 _Ratio: 43% (56%, 50%, 41%)
$ G) H0 F6 C* l# Price changes: 341 (390, 363, 369)* [# s' b5 O6 r$ d+ o* m
# Expired/Off Market Listings: 174 (221, 226, 204). E1 ]' T' N' w4 f
Net loss/gain in listings this week: 84 (-5, 1, 107)& L) q8 p: c$ }. c
Active listings for single family homes: 3454 (3395, 3374, 3329)$ z1 G7 { _6 G: e( O$ q$ u# d
Active listings for condos: 2253 (2232, 2209, 2217)6 j- M& w& O8 e) [( v. ?
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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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7 O! u4 b$ h; v LThe 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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