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Edmonton real estate market - Home Prices Drop in July
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- n+ B: Q: Q: |: QInformation was from the follow link:
# K# C; w7 c" z" `http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html4 O |! W& f3 @; s
8 f% z5 z, e C' x) d; kHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:, H2 Z- a6 M* Y! Q* \2 ]. c$ w
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New listings: 456 (492, 455, 529)
" W+ b& h7 r& F" V0 y# Sales: 198 (276, 228, 218), \) t) W* u0 J: I$ h
Ratio: 43% (56%, 50%, 41%)% K. M* q5 [5 o4 O8 m
# Price changes: 341 (390, 363, 369)
8 u' k, X! R& {3 c# Expired/Off Market Listings: 174 (221, 226, 204)
- p B/ X6 Q: d/ B& \Net loss/gain in listings this week: 84 (-5, 1, 107)9 P. V1 \" _* H: v/ c0 j
Active listings for single family homes: 3454 (3395, 3374, 3329)0 G) g7 S# f0 i+ B" X) B
Active listings for condos: 2253 (2232, 2209, 2217). R5 j' L: j( I3 t) o7 j9 w
* B0 X" |& g+ @) S) YInventory, 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. 2 P( s2 R! K) |% ~
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$ w+ R+ X1 g! u5 w3 d& C9 H/ 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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