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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 8 e+ O+ O! i! ?( g( ?6 u# [( J% a6 O' g( 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:. j+ x; i; s9 z) U" ~/ b
1 F# B# x. J; v5 m! y: oNew listings: 456 (492, 455, 529)* R0 J H) D8 o2 v% @
# Sales: 198 (276, 228, 218)
8 z: J0 N' C0 Q3 u$ n5 \Ratio: 43% (56%, 50%, 41%)+ g0 o; ~* g" `2 Y
# Price changes: 341 (390, 363, 369)* z% e% O3 l9 C) V! f! O
# Expired/Off Market Listings: 174 (221, 226, 204)+ R1 c9 w3 \: _+ W( t1 h$ T {
Net loss/gain in listings this week: 84 (-5, 1, 107)1 c. r* p/ l6 [. ?
Active listings for single family homes: 3454 (3395, 3374, 3329)
X" D, r, o( I( D1 lActive listings for condos: 2253 (2232, 2209, 2217)3 s" G% ^* s: W- }6 j
+ x/ F( Q0 M ^9 \3 A* aInventory, 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. / z- v4 @ h3 p) x/ v* r2 [ ?
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8 `" p$ B" h) U3 } h- y' p, DThe 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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