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Edmonton real estate market - Home Prices Drop in July # H" L, g2 l2 e( ?7 p
% z7 u. u$ J4 j3 G5 c/ qInformation was from the follow link: ! X: w4 L# W- Z+ T3 e; J' d) w
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html: U7 ?) J) V4 W
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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:$ l- S: X- @7 ~4 q$ A
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New listings: 456 (492, 455, 529)- |7 w, o5 S3 B* y7 R/ }
# Sales: 198 (276, 228, 218)$ i, D7 Z1 V( c, ~( v
Ratio: 43% (56%, 50%, 41%)
4 l3 q1 E( d. z0 E# L3 G7 Q* q Z# Price changes: 341 (390, 363, 369)
" [* Y e5 Z. G1 `1 l# Expired/Off Market Listings: 174 (221, 226, 204)' T- T) g; K( k# N, U$ U7 m
Net loss/gain in listings this week: 84 (-5, 1, 107)
+ R- O- L( E* G. `0 ?( _% jActive listings for single family homes: 3454 (3395, 3374, 3329)0 _1 K9 ]4 b$ T- _0 T2 z8 n
Active listings for condos: 2253 (2232, 2209, 2217)! t7 D) J, N- B5 d
% s/ n0 L( ^) ~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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" X g5 v3 ^9 R% S# KThe 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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