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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
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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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New listings: 456 (492, 455, 529)
# P& b. B* F. M* ?7 A# Sales: 198 (276, 228, 218)' E: t! y |' O, M1 y3 y
Ratio: 43% (56%, 50%, 41%)& x/ S# }# l7 f5 f0 e" P
# Price changes: 341 (390, 363, 369)
' a+ R) L* J, b3 c# Expired/Off Market Listings: 174 (221, 226, 204)
( W9 a9 R7 u6 I+ dNet loss/gain in listings this week: 84 (-5, 1, 107)! a1 h' l: A3 D, k6 l$ {9 J
Active listings for single family homes: 3454 (3395, 3374, 3329)9 _0 W9 L0 H( b8 Q- ^9 x
Active listings for condos: 2253 (2232, 2209, 2217)
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- z# A; w4 X* o* ^: ?9 kInventory, 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. 6 r2 J( P2 ?( S h1 P) b
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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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