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Edmonton real estate market - Home Prices Drop in July ( e$ q) \; ]7 g0 D$ Y J7 W
- k- w2 Z: x* C1 ?4 [. K C; {Information was from the follow link: 5 s# }. \' J9 t+ L7 a' o
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html* m- K2 `4 |$ S7 n- Q( `$ a- g
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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:: E' T/ X& { O& v+ O. T/ z$ `: F
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New listings: 456 (492, 455, 529)8 k5 T8 ?) a$ A/ t
# Sales: 198 (276, 228, 218)5 c4 S5 a1 q. E
Ratio: 43% (56%, 50%, 41%), f Y( Y! J- ` [' z
# Price changes: 341 (390, 363, 369)
3 Q/ ]( X$ g9 A* ]# Expired/Off Market Listings: 174 (221, 226, 204)% t4 T) g3 q8 i; n" \
Net loss/gain in listings this week: 84 (-5, 1, 107)
: m. A4 a4 p8 l( tActive listings for single family homes: 3454 (3395, 3374, 3329)
2 i/ I* W! [, [% M2 lActive listings for condos: 2253 (2232, 2209, 2217). W! L$ A! F& h
' H1 {" h9 e+ P# S# OInventory, 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. 8 L% x9 C: _/ |; p1 d: Z6 ?
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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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