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Edmonton real estate market - Home Prices Drop in July * i7 S# y+ l* ]9 k4 G
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Information was from the follow link:
" R# x( G# I4 E. G2 L, ghttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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6 c. e0 k3 U4 t9 y; H* ], l3 q; jHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:; p/ h/ s6 e3 l3 r. G$ B1 `9 S" {' N
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New listings: 456 (492, 455, 529)
4 c5 E/ x2 y/ V3 E' W$ H$ U! n, w# Sales: 198 (276, 228, 218)
6 r: z2 a; {. Y% n! b9 _Ratio: 43% (56%, 50%, 41%)4 d& {2 u* U4 r4 P
# Price changes: 341 (390, 363, 369)3 r" [2 Z+ o$ _0 E
# Expired/Off Market Listings: 174 (221, 226, 204)5 V, b) h6 S: b" A
Net loss/gain in listings this week: 84 (-5, 1, 107)
7 Q$ C3 t1 U0 J; }3 D# _Active listings for single family homes: 3454 (3395, 3374, 3329)% j: ~. p7 N( ?4 l) ?* M, C5 J
Active listings for condos: 2253 (2232, 2209, 2217)
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& o ]! s" {9 m* C. n7 ?7 WInventory, 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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