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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
! t2 a/ ~' H, h* j: Z/ [http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html, I0 t' {1 v+ r" U+ I; Q p% I
5 `5 K+ W: l4 i4 r; a5 z8 G5 lHere 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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' o5 C& o5 p! E9 X$ D9 e4 v+ XNew listings: 456 (492, 455, 529) M7 T" W2 _8 C9 U2 C
# Sales: 198 (276, 228, 218)
[7 g* ~+ |0 t, R, V' y/ zRatio: 43% (56%, 50%, 41%)
8 R) l7 S3 N7 E& v1 Y1 ^# Price changes: 341 (390, 363, 369)$ ]/ h$ l- c, ~
# Expired/Off Market Listings: 174 (221, 226, 204)( W! v, U( ~6 i! t( d& d" D
Net loss/gain in listings this week: 84 (-5, 1, 107)5 H% _/ r V0 ^
Active listings for single family homes: 3454 (3395, 3374, 3329)
2 g5 S0 v! g% H X8 C# aActive listings for condos: 2253 (2232, 2209, 2217)
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* O3 {+ d' [- f% L) d$ O2 CInventory, 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. 2 }( I& a f/ }- A
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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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