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Edmonton real estate market - Home Prices Drop in July
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7 v% W+ f- T) @: {/ h2 KInformation was from the follow link:
1 w1 c' a8 ` g- c# Y8 [& Yhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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6 s/ j3 c6 R, a( A( Z& b* C. dHere 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)
9 y6 h2 E# G# T) I( Z# Sales: 198 (276, 228, 218); ?4 w7 ]" _( e# p5 p* s
Ratio: 43% (56%, 50%, 41%)
$ E1 \* L5 `9 D: d5 w# Price changes: 341 (390, 363, 369)( A t% M; J" p! ~1 s. n
# Expired/Off Market Listings: 174 (221, 226, 204)4 F+ `1 z \( Y/ k
Net loss/gain in listings this week: 84 (-5, 1, 107)
" k; N* c% T' C& {( _Active listings for single family homes: 3454 (3395, 3374, 3329)* h6 h3 f# m" [+ \
Active listings for condos: 2253 (2232, 2209, 2217)
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7 _- P0 S* L2 v; j8 FInventory, 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. 7 q1 S4 A r' l3 m" I- o
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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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