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Edmonton real estate market - Home Prices Drop in July
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1 R9 V+ R- o& x+ y* [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:
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New listings: 456 (492, 455, 529)
' X* H2 T# o& f/ B% B/ R# Sales: 198 (276, 228, 218)5 Y- _2 I3 m5 Z
Ratio: 43% (56%, 50%, 41%)
1 B- q0 I$ H6 d$ y* d# Price changes: 341 (390, 363, 369)! I e& ], |0 U8 \6 L& B
# Expired/Off Market Listings: 174 (221, 226, 204)4 W6 ~2 _$ f, g" L* g; D
Net loss/gain in listings this week: 84 (-5, 1, 107); i6 P& ^1 g* e6 E
Active listings for single family homes: 3454 (3395, 3374, 3329) _- y- Z. M( D5 K; G+ y
Active listings for condos: 2253 (2232, 2209, 2217)
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2 _- c! I$ ~5 `/ [" W& y3 {4 E# iInventory, 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. # G* V& u% v! V
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I! d8 b3 z3 e" f9 e# VThe 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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