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Edmonton real estate market - Home Prices Drop in July $ E6 {( k9 B1 k( m% a5 q8 O& C& _
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Information was from the follow link:
" M5 x1 J( d# o( Ihttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html/ i, z4 m( c& c! q
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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:+ m+ j2 {% @* k+ x3 s; P/ U$ v
& z: o8 o7 X1 ]$ k" i: `5 TNew listings: 456 (492, 455, 529)
4 e6 y+ y$ D# O. k' g7 o/ X: @/ l/ z# Sales: 198 (276, 228, 218)
+ B6 G3 i v$ D2 d/ kRatio: 43% (56%, 50%, 41%)
, ? O, v: E/ t' S2 h# Price changes: 341 (390, 363, 369)* e0 @* ~) X M- \( r7 a" l' C) J
# Expired/Off Market Listings: 174 (221, 226, 204)
5 X C* f3 {/ K7 P5 KNet loss/gain in listings this week: 84 (-5, 1, 107)
4 ^4 R! o! p, p( OActive listings for single family homes: 3454 (3395, 3374, 3329)5 N Z2 x/ R. `- S( M1 a
Active listings for condos: 2253 (2232, 2209, 2217)
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8 S) G$ d T2 {2 A u0 {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. 2 R/ C2 H6 m- J2 d
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* X q x7 s* Q) a# ]% K* s4 ^! l" \2 P% IThe 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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