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Edmonton real estate market - Home Prices Drop in July . F$ Q( j' X& I7 M% y' B4 L
: S' w: @6 O6 W/ Y. U# g- y* U5 B3 mInformation was from the follow link:
( ^* { p9 I+ z4 i" P9 q7 t. Ehttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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( S, U- D# p# p' i d8 LHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:+ W& c' _7 l* X3 {7 I! G
6 U3 \: a; U2 O: D4 gNew listings: 456 (492, 455, 529)# H6 x. ^/ b& L: y* s4 Z. O9 L
# Sales: 198 (276, 228, 218)! Y6 N6 d1 j+ Y- m1 ?
Ratio: 43% (56%, 50%, 41%)- t5 A" A/ G) \; \
# Price changes: 341 (390, 363, 369)
/ r7 {7 u- U2 a) Z) B. {. M( S# Expired/Off Market Listings: 174 (221, 226, 204)
$ ~' Z- p" P; o$ I" n! |Net loss/gain in listings this week: 84 (-5, 1, 107)
3 ~ c- D) ?( t( n# R& e8 G6 l# m1 c1 V; EActive listings for single family homes: 3454 (3395, 3374, 3329)6 C7 c4 X* i4 B
Active listings for condos: 2253 (2232, 2209, 2217) U& k4 d. i# j1 J: U6 s3 l
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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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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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