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Edmonton real estate market - Home Prices Drop in July 8 L3 p5 l! D; b7 v3 A5 q5 {- c
' D7 M1 F0 M! g k# |Information was from the follow link: 1 }# J; u4 U# M$ I4 t. X5 }* m
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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:
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; F1 j, \. Q4 P/ l( G8 ^4 E# YNew listings: 456 (492, 455, 529)
) ?3 b( v) \3 r0 ^) h8 D# Sales: 198 (276, 228, 218)
2 i. Z3 X( D5 ZRatio: 43% (56%, 50%, 41%)
/ Y) a* `. D1 D( l6 Y# Price changes: 341 (390, 363, 369); N, ]; K) S' \* W. S% u
# Expired/Off Market Listings: 174 (221, 226, 204)
& n7 |# Y$ o/ gNet loss/gain in listings this week: 84 (-5, 1, 107)) @( h, h% [, o) Q- X; k
Active listings for single family homes: 3454 (3395, 3374, 3329)
5 F b5 J- u6 p0 n l4 ?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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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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