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Edmonton real estate market - Home Prices Drop in July 0 J( n% a" f, ~7 c' Z
. E6 e+ A1 B; b' l) Z$ zInformation was from the follow link: 9 b9 K# ~) ~$ l, h8 @" E7 m
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:
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New listings: 456 (492, 455, 529). D$ @9 }1 {, P! V
# Sales: 198 (276, 228, 218)% \. C* S9 q4 [7 u- N. M. M
Ratio: 43% (56%, 50%, 41%) M8 F8 K1 W7 R$ F# Q, q8 Y3 B1 Q( ]3 A
# Price changes: 341 (390, 363, 369)' Z, q8 ^ k( s& }$ x/ A4 e
# Expired/Off Market Listings: 174 (221, 226, 204)
( ~: h2 n8 a2 wNet loss/gain in listings this week: 84 (-5, 1, 107)5 u/ J5 I' Z: d( s8 t
Active listings for single family homes: 3454 (3395, 3374, 3329)# `& v! M$ Q, d( B
Active listings for condos: 2253 (2232, 2209, 2217)
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9 ~, \& _1 b8 k: XInventory, 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. % D( c. _7 q; z1 L5 D# b
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1 i" B9 w" |( W3 G* _- D3 g- i4 c8 mThe 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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