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Edmonton real estate market - Home Prices Drop in July / C; J3 M/ k- }, d7 v' m
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Information was from the follow link:
u( t# ^) e* ghttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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6 \& M: D' Q7 n3 U$ }- k+ VHere 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)
3 [4 ?. }& d- o/ @# Sales: 198 (276, 228, 218)' _, ?* k7 N& F9 w i& U
Ratio: 43% (56%, 50%, 41%)
* i' f2 a1 e- H( x4 E# Price changes: 341 (390, 363, 369)1 [+ b8 t7 A* ?5 w+ G7 J, X' u
# Expired/Off Market Listings: 174 (221, 226, 204)% i( C& k! J: w; d# j0 T" o) r8 c4 k; ?
Net loss/gain in listings this week: 84 (-5, 1, 107)( o/ \# X/ A- Z# h, X; x
Active listings for single family homes: 3454 (3395, 3374, 3329)
" t9 y; P. s, Y$ I, FActive listings for condos: 2253 (2232, 2209, 2217)
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3 U" n7 S, E1 U& AInventory, 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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A: u" F" b' 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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