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Edmonton real estate market - Home Prices Drop in July - e4 x4 A& @. f: h
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Information was from the follow link: * o: H' R1 E! l+ d
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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& X8 S0 d5 B) k+ G4 }+ aNew listings: 456 (492, 455, 529)
@7 Q" R8 T* s6 E( P7 B! p& \# Sales: 198 (276, 228, 218)
/ U/ L; L1 Y" X% C4 s( URatio: 43% (56%, 50%, 41%)
) o: A& y( m% x+ L% R: z) S# Price changes: 341 (390, 363, 369)
6 C( |" k7 h, i/ b. k9 R# Expired/Off Market Listings: 174 (221, 226, 204)/ E. H+ i, H2 A8 Q0 M" ?
Net loss/gain in listings this week: 84 (-5, 1, 107)
+ z' n0 v9 |. I6 ~9 }Active listings for single family homes: 3454 (3395, 3374, 3329). o: o. }2 F* G+ y+ @0 I" F5 W! L
Active listings for condos: 2253 (2232, 2209, 2217)) m% _9 b) t" Y
' w7 \8 S- h# x" f* k2 hInventory, 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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