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Edmonton real estate market - Home Prices Drop in July
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% S6 d2 F& V, K+ |% }4 TInformation was from the follow link: , U/ y- b& |! |; W$ T" ?5 p5 y
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html( I5 J4 w; g5 T
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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:8 T+ q* R, c$ [8 b9 W
8 u8 P" e0 o7 V% A1 {New listings: 456 (492, 455, 529)
) s! N `8 Z8 ^) m# Sales: 198 (276, 228, 218)% B( F' P1 w5 k2 }3 h, E
Ratio: 43% (56%, 50%, 41%)
. e( ^) \7 ^4 s" U6 |% m6 K# Price changes: 341 (390, 363, 369)7 r9 _+ a% L& L
# Expired/Off Market Listings: 174 (221, 226, 204)' h* z) {( P5 ^1 q$ c
Net loss/gain in listings this week: 84 (-5, 1, 107)
0 ^: P0 ~& d7 FActive listings for single family homes: 3454 (3395, 3374, 3329)6 ]+ _( v {& Q+ t
Active listings for condos: 2253 (2232, 2209, 2217)1 s# J* v4 Q- X& ?. m' l- Y
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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. " `! k" V4 Y/ E- |; |" [$ P) `5 i9 C7 @
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- K; s- `( r' r) N# mThe 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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