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Edmonton real estate market - Home Prices Drop in July
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0 t, F, x; `: b# I! d3 pInformation was from the follow link:
8 d& f' s6 d$ N4 E4 Z, ^; ^$ shttp://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)
+ q' e0 H/ T6 b+ r8 m# k# Sales: 198 (276, 228, 218)
$ b+ }- z2 W, XRatio: 43% (56%, 50%, 41%)1 m" R7 r7 e) n. {
# Price changes: 341 (390, 363, 369)
( D/ l& k4 ~! R3 }# Expired/Off Market Listings: 174 (221, 226, 204)
+ o7 i: g# c6 RNet loss/gain in listings this week: 84 (-5, 1, 107)
( y# F1 q, u- o' A# jActive listings for single family homes: 3454 (3395, 3374, 3329)( G) I2 t8 o3 b2 p m# }# E1 u/ @
Active listings for condos: 2253 (2232, 2209, 2217)$ [. f6 F- f9 r2 i
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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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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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