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Edmonton real estate market - Home Prices Drop in July
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! R5 M- @1 W0 Z( D& IInformation was from the follow link: 8 h6 i z3 ]6 R4 ^4 p
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html# d$ A5 R* U7 f1 q5 i5 R& n
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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:! z6 }$ }% [8 }" H
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New listings: 456 (492, 455, 529)2 y1 @2 o& \5 f4 a7 Q2 X. H
# Sales: 198 (276, 228, 218)
2 V5 [% A4 @+ E9 h: m/ J3 D oRatio: 43% (56%, 50%, 41%). c" a+ e, v0 z* A6 _3 n! W8 V
# Price changes: 341 (390, 363, 369)
( y3 w0 E% o' H3 N" U( K5 U# Expired/Off Market Listings: 174 (221, 226, 204)' p* ~* k' f& w3 ?! z
Net loss/gain in listings this week: 84 (-5, 1, 107); F- H1 I5 a" K. |: t) E
Active listings for single family homes: 3454 (3395, 3374, 3329)# {8 J$ F2 f8 B( Q. X- c& ?
Active listings for condos: 2253 (2232, 2209, 2217)
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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. 9 w4 t$ R- |* O6 N
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& d) e6 T1 j4 ~7 ^5 [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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