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Edmonton real estate market - Home Prices Drop in July
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5 V& B0 f$ Z% r$ s% c4 c5 j( x8 bInformation was from the follow link:
$ I ^1 h! l0 D) A0 x" Q' F& Yhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html( F7 [) _' g% C* A, p7 z$ S
3 x- c4 l1 d6 b- VHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:+ N3 q+ t+ [6 e! S% g! j
+ @% ?$ q; a8 b! I2 H) P" X2 R; xNew listings: 456 (492, 455, 529)0 [% d5 b9 C% M& V; v) ?
# Sales: 198 (276, 228, 218). `+ I/ J; G$ x8 U6 I$ c# [
Ratio: 43% (56%, 50%, 41%)
/ R$ M! a: x) j6 O6 ?, ~# Price changes: 341 (390, 363, 369)
/ S1 L+ c; U7 v0 X5 e# Expired/Off Market Listings: 174 (221, 226, 204); O* ^& W4 G& `9 f5 O' J9 V+ I
Net loss/gain in listings this week: 84 (-5, 1, 107). o; w0 @; f, p3 d2 Y' [1 I
Active listings for single family homes: 3454 (3395, 3374, 3329)
# h, @0 u0 U& n' Y) {Active 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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# g5 l# T( S* Q) ]' d1 f# WThe 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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