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Edmonton real estate market - Home Prices Drop in July & e6 k- [/ }4 _
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Information was from the follow link: * k8 g( L: W6 d. d3 c
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)" C. f- A9 I0 z5 M* ^) g w9 I
# Sales: 198 (276, 228, 218)! f- Q1 b0 W& k$ Z1 K" z
Ratio: 43% (56%, 50%, 41%)
! b2 j3 y8 Y. E) y* L% ]# Price changes: 341 (390, 363, 369)
2 r1 ?$ R; x. i( c- E1 ~# Expired/Off Market Listings: 174 (221, 226, 204)1 a+ c* j8 k% y$ c" Q% J Q. r, H
Net loss/gain in listings this week: 84 (-5, 1, 107)% p0 G( H9 `: \
Active listings for single family homes: 3454 (3395, 3374, 3329)( L( `' }" K/ N1 ?
Active listings for condos: 2253 (2232, 2209, 2217)" ]# y$ c9 j. ]; l( X: c0 a5 |" m
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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. & r1 @2 J* ~9 Y8 {7 q' M1 B
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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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