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Edmonton real estate market - Home Prices Drop in July
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& E* X% }5 x" e* H& SInformation was from the follow link: , [ _, G6 m7 W
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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:5 W0 w( Q- ^1 E5 Z2 Q
$ `2 L' B, O; T- E* INew listings: 456 (492, 455, 529)" s; M+ q% R3 r7 A/ Z
# Sales: 198 (276, 228, 218)
?' ]: j+ Q2 x9 y5 vRatio: 43% (56%, 50%, 41%)4 `, @/ O! Y' Q0 [; u
# Price changes: 341 (390, 363, 369)1 E$ P3 L4 m' `* ]% q! ?' U3 n
# Expired/Off Market Listings: 174 (221, 226, 204)7 h& T9 L( ] t/ L, r+ ~
Net loss/gain in listings this week: 84 (-5, 1, 107)
& o* s8 d5 L. K- g% b- Y; Y# O. HActive listings for single family homes: 3454 (3395, 3374, 3329). t; b' W# e9 i! o/ f) 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. 7 I/ y! C* Z- G; o+ ?
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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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