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Edmonton real estate market - Home Prices Drop in July 0 K, ?. c9 f$ q* k w. c) R. n
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Information was from the follow link: ; I* I: @7 T" L0 N( X' z; D
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html, Y1 `: g+ x) e: m7 I9 e4 @
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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:2 N/ @) ~+ @" n8 R! ~" U) z
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New listings: 456 (492, 455, 529)
- o N; _; ?7 ?5 @4 T# Sales: 198 (276, 228, 218)
/ N( j1 q: N; N8 ?& e' bRatio: 43% (56%, 50%, 41%)
3 O$ Z7 [5 ?7 K, }6 L# Price changes: 341 (390, 363, 369)
- }3 x H/ {7 x# Expired/Off Market Listings: 174 (221, 226, 204)- a7 n3 L; C2 ?# Q! D5 d0 s3 P% q0 I
Net loss/gain in listings this week: 84 (-5, 1, 107)8 y5 w7 S7 O) z
Active listings for single family homes: 3454 (3395, 3374, 3329)9 P4 d. `/ w& @: x& a/ ~
Active listings for condos: 2253 (2232, 2209, 2217)- m; {8 `/ @% {
9 W0 p$ a6 l1 p0 w9 s9 N" 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.
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: I4 I$ ~8 V% G% ~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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