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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
: N) z5 |0 s3 X& I+ }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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7 w! C( o$ I3 H5 e- i! `3 A4 Z" ?New listings: 456 (492, 455, 529)1 R8 p5 M E9 E
# Sales: 198 (276, 228, 218)6 }, r: x2 N% Q" D$ P/ `( Q
Ratio: 43% (56%, 50%, 41%)
3 l: T4 D; D, g* U& R) [# y# Price changes: 341 (390, 363, 369)% d4 j [; F: c! ]8 M' q( x
# Expired/Off Market Listings: 174 (221, 226, 204)
/ V3 @, H/ I- ?9 H$ A0 U4 Z9 R! P4 c6 E3 xNet loss/gain in listings this week: 84 (-5, 1, 107)* e& |! H B: [1 y0 T5 T) B7 ~
Active listings for single family homes: 3454 (3395, 3374, 3329)
$ p9 {. x8 d2 o h! c) G& XActive listings for condos: 2253 (2232, 2209, 2217)3 y/ z7 s1 {8 A0 C! E4 F
- {& |- n+ V6 e3 ^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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