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Edmonton real estate market - Home Prices Drop in July " G8 \9 z+ c3 w) m- M
/ B6 Q4 Z/ q" G/ LInformation was from the follow link: 8 e+ V% j4 Q" z/ q
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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) q3 M! o, o4 H3 aHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:8 c) `" M. _% J. g- N* W
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New listings: 456 (492, 455, 529)
' D: b w( U R8 @* d+ G! `# Sales: 198 (276, 228, 218)
2 c; H/ m3 M3 y) H3 w% x7 NRatio: 43% (56%, 50%, 41%)" Y6 E( t+ P1 s$ z
# Price changes: 341 (390, 363, 369)
7 x ~ Z+ i0 Z! ^" V% L% u# Expired/Off Market Listings: 174 (221, 226, 204)% `# n" W, n2 [+ Y
Net loss/gain in listings this week: 84 (-5, 1, 107)
& d0 ]0 p) X5 K5 C9 f9 K! ZActive listings for single family homes: 3454 (3395, 3374, 3329)4 h: l* l" z- o4 c- P# i2 L
Active listings for condos: 2253 (2232, 2209, 2217)5 U6 S3 N2 W6 a; I* H2 J& f
; v7 `# i( b: C ?. fInventory, 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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