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Edmonton real estate market - Home Prices Drop in July 8 O# A& y) r# F+ ?- |4 ~6 B
6 f% y4 N& \: n4 @, U6 D. b( qInformation was from the follow link:
+ T+ V. s7 ~- h( g/ Ohttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html0 P# R8 y6 U: k3 i9 w
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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:# v9 Z! k! Q4 ]+ w( ]5 c
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New listings: 456 (492, 455, 529): i8 K4 c' n b
# Sales: 198 (276, 228, 218)* z( {2 ?8 Q( [6 W5 z8 F
Ratio: 43% (56%, 50%, 41%)
; I( I! r# }3 P6 {( E# o# Price changes: 341 (390, 363, 369)
9 Y- j- W0 I5 l7 i3 l! F, d% x# Expired/Off Market Listings: 174 (221, 226, 204)
& N) X& E) M" X- M% T/ {Net loss/gain in listings this week: 84 (-5, 1, 107)4 d) U2 N7 T L! Q7 ]+ M% M4 _
Active listings for single family homes: 3454 (3395, 3374, 3329)
# i# J+ F* g7 N4 GActive listings for condos: 2253 (2232, 2209, 2217)
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8 j# D$ M% p, D5 Q! G0 [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. . v: F5 \& ?' K5 [' k! I E5 _
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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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