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Edmonton real estate market - Home Prices Drop in July 5 o& I0 m! X' X! x. f
v% K- [0 Y# T3 ]0 ~7 A8 k" SInformation was from the follow link:
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/ A1 c3 Z- y" P6 Z; K1 J. `Here 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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New listings: 456 (492, 455, 529)) H: c9 i4 A- |3 l' F
# Sales: 198 (276, 228, 218)' {; [! y/ ~/ |" _$ v- O' [ B. t! w
Ratio: 43% (56%, 50%, 41%)- {. y/ z t4 x5 h$ V7 {
# Price changes: 341 (390, 363, 369)6 d5 s z' M5 I+ R
# Expired/Off Market Listings: 174 (221, 226, 204)
* x9 w) K/ y3 F+ C$ O- d) lNet loss/gain in listings this week: 84 (-5, 1, 107)5 K9 R, N5 @8 L: e8 s+ {4 e0 U
Active listings for single family homes: 3454 (3395, 3374, 3329)
( q0 z8 o$ U6 u7 i6 aActive listings for condos: 2253 (2232, 2209, 2217)
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e3 h* [% t; q9 |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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