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Edmonton real estate market - Home Prices Drop in July 4 k% g3 H8 N' ?$ P' }* t( b/ P X+ s
& i7 u! o8 O( B- w XInformation was from the follow link:
) b. Q: U J. b3 H# x# |http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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5 y/ K$ s4 F5 v3 Y" }; EHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:% U. ~: `; Q. {1 E
3 f( N# m. V& s5 gNew listings: 456 (492, 455, 529)
. |2 x. b$ j. Y* [; V# Sales: 198 (276, 228, 218)1 C% g0 \. p& `( Z0 D! N& s7 {
Ratio: 43% (56%, 50%, 41%)# s& n# | f7 C6 i
# Price changes: 341 (390, 363, 369) W5 Y+ U# }6 }
# Expired/Off Market Listings: 174 (221, 226, 204)
+ T! }( |4 v/ P, e XNet loss/gain in listings this week: 84 (-5, 1, 107)
V; I: J9 G* A" p+ CActive listings for single family homes: 3454 (3395, 3374, 3329)" Z! S4 z0 D8 \: C+ N4 f; r. }
Active listings for condos: 2253 (2232, 2209, 2217)$ K+ Q, L8 X& v
) t* a( B0 Y# N' G3 R+ d6 lInventory, 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. + i7 \+ r% z3 A# d! ]
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1 @5 |7 g2 _; g* v* LThe 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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