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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
1 f+ [! x) C+ Dhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html3 J: ]' a) f6 f2 [! y
8 e3 t4 \! U$ I/ |3 eHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:! P$ }7 I: j5 n1 G' v+ q
' Y6 V9 i9 T5 X* @5 P# r: L, SNew listings: 456 (492, 455, 529)9 ?: V* a8 v6 P9 B4 f- o \1 t
# Sales: 198 (276, 228, 218): W* F, T5 \8 D8 \( z4 T
Ratio: 43% (56%, 50%, 41%)
- }+ N# s/ W1 P# e# Price changes: 341 (390, 363, 369)
6 n' ^" a% w7 k: i/ N( ?, ]# Expired/Off Market Listings: 174 (221, 226, 204) ~( g/ t0 w5 c7 @- B
Net loss/gain in listings this week: 84 (-5, 1, 107)
; t& y" l* X) d9 `$ qActive listings for single family homes: 3454 (3395, 3374, 3329)1 ~/ f' o4 I K) p
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. `! j& N% O' `/ U
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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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