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Edmonton real estate market - Home Prices Drop in July d0 c, Z8 W: H: S0 [3 g' x' z
6 W V0 M1 t* ? s& l# w& _0 gInformation was from the follow link: : O, A5 H3 I2 N# h2 V7 Q* N7 J0 C
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html4 r7 `# C o* c/ g; O, A
# U% K4 T) p) F. VHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:' b, g% N5 m6 ]+ B( T( F
1 W; ]9 t V! k$ E2 WNew listings: 456 (492, 455, 529). [, ?, B. G; A1 D3 ^% g
# Sales: 198 (276, 228, 218)
' O* X( F& z! r, _7 d: L$ K$ CRatio: 43% (56%, 50%, 41%)4 _- C# ]4 R& m8 H( o9 U6 v
# Price changes: 341 (390, 363, 369)
# ]2 J& }. a( ?: h$ K# Expired/Off Market Listings: 174 (221, 226, 204)
! e! M M2 m* FNet loss/gain in listings this week: 84 (-5, 1, 107)
* F) s" M1 Y$ T9 y/ WActive listings for single family homes: 3454 (3395, 3374, 3329)
, S, G3 v/ i6 c) YActive listings for condos: 2253 (2232, 2209, 2217)
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* X9 V5 W4 r" R1 e; {' l6 i- D# l/ YInventory, 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. ) q# d3 ^3 M* T5 [
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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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