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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 2 a& u6 W* x1 f
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html. n; g G# L* m/ V) ^6 f" I
6 ^/ B; h i0 `3 _' wHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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( S6 i1 R% ?; y0 g1 b9 w9 INew listings: 456 (492, 455, 529)
3 ]( f" j$ U; ]6 R7 p# Sales: 198 (276, 228, 218) d3 f6 d {. P" `% Z
Ratio: 43% (56%, 50%, 41%)
" {( d# r( N; e( s& j m% F/ N# Price changes: 341 (390, 363, 369)1 S. t, [% x+ I) i
# Expired/Off Market Listings: 174 (221, 226, 204)
o, H5 E( e) ^Net loss/gain in listings this week: 84 (-5, 1, 107)
, S% j* i4 P* {" T5 hActive listings for single family homes: 3454 (3395, 3374, 3329)
4 S5 W! `. K% ]0 |$ F$ YActive 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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0 ~. J3 Z. P+ N) V* `) f `/ N: 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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