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Edmonton real estate market - Home Prices Drop in July
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4 ]" m8 {* q& P) g6 M6 hInformation was from the follow link: " J% A3 t. o, S6 X: [+ J5 v; }$ a
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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8 @2 b8 i" K! A; k, nHere 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)+ T' F& M6 u4 Z# h9 Q
# Sales: 198 (276, 228, 218)
& E `6 W! v2 P9 w( u1 SRatio: 43% (56%, 50%, 41%)
5 G9 ~) \0 Y7 X1 r. ]; f9 `5 a* G# Price changes: 341 (390, 363, 369)
: r( S- R1 }: z9 r1 x- W" P# Expired/Off Market Listings: 174 (221, 226, 204)
) J' a, m' S7 R, b |+ m( K2 D) c6 @Net loss/gain in listings this week: 84 (-5, 1, 107)
; x2 h. H0 M" K2 U) @/ _, d: yActive listings for single family homes: 3454 (3395, 3374, 3329)8 L; W1 q$ k7 Q [" ^
Active listings for condos: 2253 (2232, 2209, 2217)
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# ^) J4 i' K& o* ~" D5 ]! EInventory, 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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