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Edmonton real estate market - Home Prices Drop in July
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* z. X: o5 u' N, A% aInformation was from the follow link: 8 \) l _9 A7 Q; a2 j0 F
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html) x k9 Y4 p% ?/ L) p% e% h9 V4 j
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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:) i1 E9 @5 D8 Q* B
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New listings: 456 (492, 455, 529), n! N( N& W7 f% O/ p) ~
# Sales: 198 (276, 228, 218)
9 n' F# t& i% q, ~/ _! ?Ratio: 43% (56%, 50%, 41%)
$ M/ a8 R; Z) e1 l9 {/ D# Price changes: 341 (390, 363, 369)& G5 ~$ k- H' i6 d2 X
# Expired/Off Market Listings: 174 (221, 226, 204)
' |/ D m, o% D# Y+ }Net loss/gain in listings this week: 84 (-5, 1, 107)2 l j- c1 d$ i% Y' l2 Q l! D
Active listings for single family homes: 3454 (3395, 3374, 3329)
; S1 o/ r) C+ ]! {1 g, C9 VActive 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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2 _% W6 A3 H: a2 c9 O* O$ J0 H RThe 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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