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Edmonton real estate market - Home Prices Drop in July
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4 h+ S' u; T5 sInformation was from the follow link: , n* M) a: T+ B( n: k! q9 ]
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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1 ]* | ^1 r" k& W7 `7 U- @% pHere 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)
# u" y! R2 |0 }! V: e) r2 b# Sales: 198 (276, 228, 218)
' W0 C3 @' c# B" J9 u. q. _Ratio: 43% (56%, 50%, 41%)
4 n2 X) F4 k& c& a) m3 g4 }# Price changes: 341 (390, 363, 369): [1 W. r7 s, e+ d3 N
# Expired/Off Market Listings: 174 (221, 226, 204)
, T% l2 \9 C* s1 o6 k1 k* G CNet loss/gain in listings this week: 84 (-5, 1, 107)! @7 O; g% N, r& \( J, r, G' {
Active listings for single family homes: 3454 (3395, 3374, 3329)
3 V5 q- N6 D2 M- ^1 OActive listings for condos: 2253 (2232, 2209, 2217)
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! d- a% @5 \) [+ \' |% D! \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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