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Edmonton real estate market - Home Prices Drop in July
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# Z4 P! s6 o" p9 ?- l5 Y6 R& mInformation was from the follow link: ! P" { D1 r* I- w
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html; _, G) P+ f+ C( O; t k
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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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New listings: 456 (492, 455, 529)$ h6 K7 h0 p& q7 ^ Q
# Sales: 198 (276, 228, 218)
; c+ g0 v; y( L& }8 N X' VRatio: 43% (56%, 50%, 41%)
) l1 B9 P' G) C- l# Price changes: 341 (390, 363, 369)5 m' A5 n. w+ d) G) f+ a4 K$ e
# Expired/Off Market Listings: 174 (221, 226, 204)+ B7 M& a1 @) @# A$ |! p
Net loss/gain in listings this week: 84 (-5, 1, 107)7 a' g* i U! m5 D# a
Active listings for single family homes: 3454 (3395, 3374, 3329)7 q7 V( S+ r/ Y# u
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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7 }2 W2 [4 `6 j! U$ J- zThe 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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