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Edmonton real estate market - Home Prices Drop in July 3 b& z/ W8 c9 L
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Information was from the follow link:
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& s( M! O, Q8 l# W+ VHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:5 B8 q% b- U9 w1 i: {" J
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New listings: 456 (492, 455, 529)+ z" O! n0 f" H( C7 F5 R
# Sales: 198 (276, 228, 218)
7 x2 A5 l; c' g% D) xRatio: 43% (56%, 50%, 41%)
+ h3 q& t2 x* j# Price changes: 341 (390, 363, 369)
- j; S) j. F, y: ^1 I6 T7 ^$ ~# Expired/Off Market Listings: 174 (221, 226, 204)
6 _: m! w, \3 H; K) aNet loss/gain in listings this week: 84 (-5, 1, 107); ^% t8 P/ O/ _2 Q0 Q# v1 l
Active listings for single family homes: 3454 (3395, 3374, 3329)7 J3 ?- R3 @' X. R% F+ ?6 T# W
Active listings for condos: 2253 (2232, 2209, 2217)
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0 Y* U! M- j0 F O% JInventory, 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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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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