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Edmonton real estate market - Home Prices Drop in July 1 {7 q4 k# i- y: k& z
* j- x `; k2 uInformation was from the follow link:
3 y; W. p& r' P j$ }( L' Rhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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. Z. e+ z2 R$ \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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" m; ?: Y' X5 ^0 i5 PNew listings: 456 (492, 455, 529)
- p! P7 W% t: [: C2 X. P* \# Sales: 198 (276, 228, 218)
- t+ ^8 [% e; Y& i3 }' a& Q' ZRatio: 43% (56%, 50%, 41%)) P. G ]8 z' z& L T; B, b; [
# Price changes: 341 (390, 363, 369)
. a& w8 f9 g A5 O/ K: I$ C4 X# Expired/Off Market Listings: 174 (221, 226, 204)
. }$ U6 i! P+ ?6 P# hNet loss/gain in listings this week: 84 (-5, 1, 107)
- r' }. e0 ^% ]( V' k7 g; pActive listings for single family homes: 3454 (3395, 3374, 3329)1 V- c7 N2 f4 m& J7 K2 I: T3 A, M
Active listings for condos: 2253 (2232, 2209, 2217)& s& Y! d& \( U+ y t& Z
" Z; b/ z& r1 B, `2 D. L' a6 ]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. # k" D$ D" D' @- U
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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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