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Edmonton real estate market - Home Prices Drop in July ) f8 y: t9 J% Q, t+ j8 B
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Information was from the follow link: 9 g' I a! q3 i& J5 Q- i
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html2 D! z' \- b' D) c, q7 l* a
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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:# P7 [# S3 Y: t/ z5 v! r" \
1 P6 I% Y' @' n2 g* N( x) I R5 r! {' sNew listings: 456 (492, 455, 529)5 {( [0 e3 z- m9 W3 r2 r/ N
# Sales: 198 (276, 228, 218)& i# r- T6 {* k1 B# y2 d O
Ratio: 43% (56%, 50%, 41%)4 ^- ]1 G5 l* ~/ y
# Price changes: 341 (390, 363, 369)3 _0 ? _- ]" `5 d, B7 n
# Expired/Off Market Listings: 174 (221, 226, 204)% P2 X v% h1 R
Net loss/gain in listings this week: 84 (-5, 1, 107)8 b/ i' y& z1 t/ q
Active listings for single family homes: 3454 (3395, 3374, 3329)
0 {* ?! t2 s \Active listings for condos: 2253 (2232, 2209, 2217)
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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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% v9 w5 `% B7 M5 x8 uThe 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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