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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: + l9 z/ E4 M. T8 S
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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+ y) U4 C, O& r6 ^1 A6 E2 gHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:0 m! Q0 O# k$ I( w
1 g; X1 c$ _! I. b& o- n0 I& d$ tNew listings: 456 (492, 455, 529)
: D- M X8 t' H7 C1 F6 |/ I1 w# Sales: 198 (276, 228, 218)3 s" }1 x5 Y% C' c5 _
Ratio: 43% (56%, 50%, 41%)
. L o5 N6 I, Q# Price changes: 341 (390, 363, 369)2 B* [/ o$ G& m- g+ \! u0 @
# Expired/Off Market Listings: 174 (221, 226, 204)
; [& j4 B! o7 N/ J% kNet loss/gain in listings this week: 84 (-5, 1, 107)4 _+ e0 B! t# U+ \! n6 c: Z; @0 z* O
Active listings for single family homes: 3454 (3395, 3374, 3329)7 d: r. M7 `- y* O2 g
Active listings for condos: 2253 (2232, 2209, 2217)
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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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! N! j" a, Z% F KThe 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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