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Edmonton real estate market - Home Prices Drop in July
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" @; ~% g* }5 }8 x5 yInformation was from the follow link: + @- E. o/ ?+ x! t7 r* \; m9 @
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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4 | A$ T! k/ M% f5 i& JNew listings: 456 (492, 455, 529)
+ n# r. S9 d; @ ~! E( o, ^# Sales: 198 (276, 228, 218)9 k( L# t) @+ ^/ j6 i
Ratio: 43% (56%, 50%, 41%)1 r1 l4 @; k: d; N/ C2 g3 _) U
# Price changes: 341 (390, 363, 369)4 l- l, s' ]; f+ L# f
# Expired/Off Market Listings: 174 (221, 226, 204)
& E( b. _ i$ \$ A) r4 ]; sNet loss/gain in listings this week: 84 (-5, 1, 107)" `: z, n7 ?0 T& L9 N- T- Y6 r
Active listings for single family homes: 3454 (3395, 3374, 3329)! w3 }) O: w6 G2 f" l$ l+ R" r
Active listings for condos: 2253 (2232, 2209, 2217)
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9 {' Y1 z- r+ N6 S! @! hInventory, 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. . G. m) W' s: R2 x: Q0 e
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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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