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Edmonton real estate market - Home Prices Drop in July 6 P) Y: A) J. X9 T& e$ u# D
- Y- C# {; R. GInformation was from the follow link:
`6 y; x7 q0 _. ]http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html/ s1 g. L1 T! K2 I+ m! V+ R+ h5 \
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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:
$ g. r* M, u& h0 \% z& ^/ y. f9 M* c' o& Q3 X1 M
New listings: 456 (492, 455, 529)
. W/ \$ r1 [' z9 o( q3 D7 v# Sales: 198 (276, 228, 218)$ N1 g I; C! P5 j
Ratio: 43% (56%, 50%, 41%) I. i6 H5 C2 v3 M7 P
# Price changes: 341 (390, 363, 369)/ y, a8 f' j+ X% R5 ?
# Expired/Off Market Listings: 174 (221, 226, 204)
* d9 f9 ^! T! A7 J/ _Net loss/gain in listings this week: 84 (-5, 1, 107)/ M4 k H$ o* b" @
Active listings for single family homes: 3454 (3395, 3374, 3329)% m% S* i9 s& Q4 ?
Active listings for condos: 2253 (2232, 2209, 2217)
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O; I" M/ x( _; C9 Z- G+ { N6 [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. $ C- F7 A2 c9 x3 P8 x7 y& [
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( `' b& q) J! D6 IThe 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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