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Edmonton real estate market - Home Prices Drop in July 5 n/ H7 t, K9 ]/ g, c: {; E/ f$ C2 ?9 M
' N( E4 K& ]# i& w% l6 bInformation was from the follow link:
" W) K2 z# D8 }( p$ phttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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% Y' i1 g5 g% xHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:8 E' I- Q, ^5 M3 }0 b" Y
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New listings: 456 (492, 455, 529)
1 B% p) _) _9 s' |% A; {% I# Sales: 198 (276, 228, 218)- ]( x$ P; I6 h+ e. D# _( v
Ratio: 43% (56%, 50%, 41%)- R$ `' K, ^+ J* F. ^
# Price changes: 341 (390, 363, 369). q& i( [9 I8 _0 \$ H' w
# Expired/Off Market Listings: 174 (221, 226, 204)8 m/ ~5 |! a Y% S6 h4 Z, ^! J
Net loss/gain in listings this week: 84 (-5, 1, 107)# F& F( [0 B u
Active listings for single family homes: 3454 (3395, 3374, 3329)7 R& R, i2 K7 b! H8 n; C9 G
Active listings for condos: 2253 (2232, 2209, 2217)
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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.
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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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