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Edmonton real estate market - Home Prices Drop in July # g7 `- T# {# E- E
$ f. q* I1 d, B# _Information was from the follow link:
; I' y8 r; s8 s* S/ h( chttp://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:% o' f5 M1 P9 E8 u, p3 ?1 J2 y
2 T4 T1 h- v8 I6 N/ mNew listings: 456 (492, 455, 529)
- z1 h3 x/ s' }' `6 F* W2 I# Sales: 198 (276, 228, 218)/ m# Z5 a# s- A) J7 e
Ratio: 43% (56%, 50%, 41%)% }8 H5 C h T0 E0 m7 k
# Price changes: 341 (390, 363, 369)& m+ o* W$ d/ r3 Z' V' W* Y( `: s: W
# Expired/Off Market Listings: 174 (221, 226, 204)
5 S3 \9 p! W5 K" T' m- c8 oNet loss/gain in listings this week: 84 (-5, 1, 107)
; Y; s2 Q3 l$ Y- j- u0 GActive listings for single family homes: 3454 (3395, 3374, 3329)
# M1 \9 ^$ h( o. HActive listings for condos: 2253 (2232, 2209, 2217)
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. q, o9 p7 e$ r+ h+ IInventory, 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. 1 ?: v, M7 I& O' G5 L' s, |5 S5 N; j
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) c. W4 y5 J) K) {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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