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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
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# U0 x0 B6 b7 v% z% MHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:% Z% ~( j0 S# `$ w: Q6 j
7 F2 M4 z2 }- \! S) tNew listings: 456 (492, 455, 529)
5 e' i, X' E* r! x! L# O0 t# Sales: 198 (276, 228, 218)5 L" B/ ~/ W( f/ C/ L: j$ M& N
Ratio: 43% (56%, 50%, 41%)
. \& Z' a6 V& m4 [% N( y# Price changes: 341 (390, 363, 369)9 h% G9 B% f* D* e4 m5 D& N% P
# Expired/Off Market Listings: 174 (221, 226, 204)
( l# G3 T* p3 q3 j g0 VNet loss/gain in listings this week: 84 (-5, 1, 107)' [# F2 G; m4 t {, g7 z
Active listings for single family homes: 3454 (3395, 3374, 3329)
7 B w. t% ^' zActive listings for condos: 2253 (2232, 2209, 2217)
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9 m) }. h+ d0 L" z9 Z) ?3 d8 H+ CInventory, 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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) Y: f" P. F5 V/ d: U* M* EThe 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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