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Edmonton real estate market - Home Prices Drop in July
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* Z0 k9 Y, R1 t7 p' b9 ?. p8 i0 kInformation was from the follow link:
6 M$ Z2 F; y4 j/ Xhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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# W4 p, A( H& A+ R2 w mHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:3 G8 l1 `9 h9 R5 D' z* l' ~! P/ i
8 J# a, ~( h% ]New listings: 456 (492, 455, 529)9 O& K+ A7 Y0 S/ u
# Sales: 198 (276, 228, 218)6 \. b0 b2 F/ o4 U$ \
Ratio: 43% (56%, 50%, 41%)
; ~9 S0 I9 A" \8 h- F# Price changes: 341 (390, 363, 369)
0 ^# R$ }1 h8 l$ {/ d' j# Expired/Off Market Listings: 174 (221, 226, 204)
, K) O9 |! f4 _& vNet loss/gain in listings this week: 84 (-5, 1, 107) S7 ]- }% m8 a1 r
Active listings for single family homes: 3454 (3395, 3374, 3329)/ i1 B, h4 K7 _7 e" Y. b
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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