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Edmonton real estate market - Home Prices Drop in July
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* \' e" [2 R1 j+ o# TInformation was from the follow link: : f5 U F; a6 ]# |
http://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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8 T6 @* @4 m% P5 n" ~: bNew listings: 456 (492, 455, 529)
' D; J2 `) \7 p' d. {# d: d# Sales: 198 (276, 228, 218)) k0 n2 P' w& P; g2 x/ i0 n4 F5 y
Ratio: 43% (56%, 50%, 41%)
% y* _9 w& n" q9 [/ c# Price changes: 341 (390, 363, 369)
( Y9 N, q' K% p! H4 A6 J# Expired/Off Market Listings: 174 (221, 226, 204)! L1 u6 Z2 o: B) W! t3 B8 K2 c
Net loss/gain in listings this week: 84 (-5, 1, 107)
9 Y+ X- c0 I3 X/ ~1 ?$ lActive listings for single family homes: 3454 (3395, 3374, 3329)
8 f4 D ]3 _7 U- `0 ]$ kActive listings for condos: 2253 (2232, 2209, 2217)
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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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