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Edmonton real estate market - Home Prices Drop in July - M' K( q1 p0 M5 d4 v5 L( Z
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Information was from the follow link: 1 o& W7 e! q2 H* I" { ?
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html4 C) v% h% A/ o. q
% X" [1 v" J! M5 l& n! n9 ~$ |) THere 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)
! N8 G. C. q, d$ b: q+ ~8 [# Sales: 198 (276, 228, 218), I* C# j1 S! H/ h- V3 ?
Ratio: 43% (56%, 50%, 41%)
F: B9 k9 C/ @# Price changes: 341 (390, 363, 369)2 {! x; O, |5 E* H3 s8 r
# Expired/Off Market Listings: 174 (221, 226, 204)
6 q' k: _; r E- TNet loss/gain in listings this week: 84 (-5, 1, 107) k8 _' _' w* O4 @/ M" M
Active listings for single family homes: 3454 (3395, 3374, 3329) ^% y8 S% N0 a2 {* u. Z
Active listings for condos: 2253 (2232, 2209, 2217)2 h" i+ T& |- k$ k8 l. m; Z' ~
9 L% n/ s6 F( @1 ^. r1 @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. 2 Z, |/ G/ K N! L$ j' x& I7 `% D1 \4 @8 Z
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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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