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Edmonton real estate market - Home Prices Drop in July
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. C5 v4 S7 v; d/ D8 `1 k8 Y/ BInformation was from the follow link: $ M8 x& e7 M: ?0 W$ p1 ~" W* R
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:. z$ ^: T- q$ i7 u
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New listings: 456 (492, 455, 529)& P8 W- J. ? w5 j# ~; N
# Sales: 198 (276, 228, 218)
+ |4 {8 p: ~' Q$ z8 f7 k" ERatio: 43% (56%, 50%, 41%)+ }# y+ r: E* v& `$ t5 [
# Price changes: 341 (390, 363, 369)6 z b& q' m# `( ` E) F2 z0 u
# Expired/Off Market Listings: 174 (221, 226, 204), g f% f0 L y; M& z D
Net loss/gain in listings this week: 84 (-5, 1, 107)* @& G1 c _( d _
Active listings for single family homes: 3454 (3395, 3374, 3329)9 D# C) \% [8 a6 F% h: r
Active listings for condos: 2253 (2232, 2209, 2217)2 |2 n# G* _ {7 x& ], G
0 r2 e6 P3 E+ I O5 g5 FInventory, 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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