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Edmonton real estate market - Home Prices Drop in July
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: c* H9 D7 s2 ~, F* O3 cInformation was from the follow link:
: U, K4 R, q1 e, f3 Y/ X9 uhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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5 s( U4 ? Z, k3 BHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:( G+ |# {& L9 x" u& G5 ]. [
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New listings: 456 (492, 455, 529)1 o% n9 b1 Y* e" x, B) P( Z# k! R
# Sales: 198 (276, 228, 218)% J" @/ {& l3 G- O
Ratio: 43% (56%, 50%, 41%)! q* B5 h& r1 J
# Price changes: 341 (390, 363, 369)$ }5 q6 [! V; t+ R
# Expired/Off Market Listings: 174 (221, 226, 204)
8 w/ G' `$ u& e; |3 ^: {Net loss/gain in listings this week: 84 (-5, 1, 107)
; D5 R" M% A' h/ k/ J2 N. {* X" YActive listings for single family homes: 3454 (3395, 3374, 3329)
3 [( T: x3 {4 TActive listings for condos: 2253 (2232, 2209, 2217)
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6 }* b# e3 |1 p. zInventory, 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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; k) s2 O) N* B5 O, o# I V$ G/ NThe 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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