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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: 8 z* t5 {0 w+ ^- H/ p
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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2 e) \% t+ Q2 K' g. C8 O' Y2 E& nHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:' |; X/ h. C1 [; Z
, C, T% O: K, {* X- R% {6 }New listings: 456 (492, 455, 529)
; |, e' ]! P( i" x0 i7 v9 R6 U# Sales: 198 (276, 228, 218)0 ]4 y$ O& ~+ [: N; u, v7 t
Ratio: 43% (56%, 50%, 41%)
/ ]$ s# w( F9 L5 j5 g, @' w& Z/ ?# Price changes: 341 (390, 363, 369)% e' x" p, J9 v) b, q9 O
# Expired/Off Market Listings: 174 (221, 226, 204): w* \5 y; H- l# g) q" a+ T0 z
Net loss/gain in listings this week: 84 (-5, 1, 107)6 L* v7 S% S- L8 Z) O" w/ K) t6 W
Active listings for single family homes: 3454 (3395, 3374, 3329)$ t6 F' n+ j/ n r( x
Active listings for condos: 2253 (2232, 2209, 2217). n, v% V k* P* c" z9 s
( ? q4 q! R! `1 z" OInventory, 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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3 n+ E% \: R1 ?( z# @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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