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Edmonton real estate market - Home Prices Drop in July . V! c1 {0 g6 ]
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Information was from the follow link: 2 ?$ N4 y6 P c+ p6 K: L( b
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html7 ~( M8 ` N1 p7 N i! ~
- G: p: h# r4 s% _% r' Z% x5 EHere 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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x, q: |1 B4 C+ V) |" y0 zNew listings: 456 (492, 455, 529)
) H. Y( i+ I7 q# Sales: 198 (276, 228, 218)
0 `. _' V P$ W9 C. nRatio: 43% (56%, 50%, 41%)* [# T7 l+ w6 ~7 ]! a
# Price changes: 341 (390, 363, 369)+ e" ]+ z8 k, F% l0 j
# Expired/Off Market Listings: 174 (221, 226, 204)( m" X0 A% J/ }* h" i
Net loss/gain in listings this week: 84 (-5, 1, 107)
( s. F5 r' @- j8 _; aActive listings for single family homes: 3454 (3395, 3374, 3329)
: Q9 ^( e" M" u' l& kActive listings for condos: 2253 (2232, 2209, 2217)' d4 y J2 Q& W
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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.
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0 V, ?8 b8 A. Z' Y3 ?3 \1 @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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