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Edmonton real estate market - Home Prices Drop in July
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! S0 R1 L! Y/ x. m3 r; a6 YInformation was from the follow link: 6 ^8 M% [1 f4 A0 p7 ~8 D
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html/ K: v. a8 G6 V9 g7 e
7 p B/ d0 ?& nHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:' ?0 Q. ]; U' i
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New listings: 456 (492, 455, 529)
2 W/ X4 ?9 u* w, K' H4 e/ B# Sales: 198 (276, 228, 218)
$ V0 C3 [% j7 jRatio: 43% (56%, 50%, 41%)
! W3 @# ]2 z: y, s) P/ e5 e# Price changes: 341 (390, 363, 369)
1 g) v4 q) g3 t. Q$ g+ V" J# Expired/Off Market Listings: 174 (221, 226, 204)
$ b1 ^9 a5 m/ T8 q3 x H! C; UNet loss/gain in listings this week: 84 (-5, 1, 107)6 _8 ~- I1 h4 e( |; ~2 p4 z
Active listings for single family homes: 3454 (3395, 3374, 3329)
" j) Y$ I; U/ |! y3 \2 yActive listings for condos: 2253 (2232, 2209, 2217)
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. @7 ?9 J; a! C2 k% WInventory, 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. 6 T! m3 H: r1 K
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2 O- _+ |& t- o: c+ H7 \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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