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Edmonton real estate market - Home Prices Drop in July
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x# t2 V6 ^6 wInformation was from the follow link:
: Z8 v5 T0 n$ ]: ^7 dhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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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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3 O+ u* I( X8 ^New listings: 456 (492, 455, 529)& h6 a. Q) a) O
# Sales: 198 (276, 228, 218)
: y+ J) O' n$ R5 I: YRatio: 43% (56%, 50%, 41%)1 B. U' U* G; } \! C E$ V
# Price changes: 341 (390, 363, 369)& x! @2 p& k7 X
# Expired/Off Market Listings: 174 (221, 226, 204)8 `1 z6 }+ K' X* u ]: C9 L# r
Net loss/gain in listings this week: 84 (-5, 1, 107)( m* {+ ~5 d6 W9 h* {" H+ X
Active listings for single family homes: 3454 (3395, 3374, 3329)2 y6 @2 a8 ]# K8 {& w) f
Active listings for condos: 2253 (2232, 2209, 2217)* s0 s2 H% s( N7 d B% H
8 w! d+ T2 D4 m3 }6 sInventory, 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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