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Edmonton real estate market - Home Prices Drop in July 4 w- I( ]2 h# ] I# M/ H# [
" K( U$ \, J9 p/ Q+ WInformation was from the follow link: , T% D1 @) ^* y. L+ V
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:& q, W6 v8 _. i( H; P
9 W/ _% u6 M0 N1 i3 W3 hNew listings: 456 (492, 455, 529)
/ B, @5 ?' ~. P/ L# Sales: 198 (276, 228, 218)
6 v8 w8 Z, x% G x3 N; N. w, M; @Ratio: 43% (56%, 50%, 41%): g/ Z% _3 G+ o7 ]
# Price changes: 341 (390, 363, 369)
! U3 p# M! G, m5 Z' b# Expired/Off Market Listings: 174 (221, 226, 204)& A4 S3 p3 j. m% T8 P
Net loss/gain in listings this week: 84 (-5, 1, 107)
5 I2 r( u/ V( g6 n+ p4 KActive listings for single family homes: 3454 (3395, 3374, 3329)
! [. f* `) x7 T4 u1 ], OActive listings for condos: 2253 (2232, 2209, 2217)( {! K$ c) p7 {$ D- j
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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. " o# z, J3 m+ N8 t- h) O3 D; |
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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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