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Edmonton real estate market - Home Prices Drop in July / ~1 c0 [2 Z. R
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Information was from the follow link:
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+ G" C7 A0 D& V/ a S* HHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:% q1 V8 h/ {, B4 j
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New listings: 456 (492, 455, 529)" t1 ?1 z; i- @
# Sales: 198 (276, 228, 218)& H" ^: k4 m5 U0 i- O* v
Ratio: 43% (56%, 50%, 41%)# p( H- D2 m# E) B- Z+ K. ?
# Price changes: 341 (390, 363, 369)
Z9 L5 G3 y' A# Expired/Off Market Listings: 174 (221, 226, 204)
) r. A, w- G: C* B6 Y7 W8 aNet loss/gain in listings this week: 84 (-5, 1, 107)
; H/ o/ p. v. A/ h) ~, `# r3 dActive listings for single family homes: 3454 (3395, 3374, 3329)% {' o$ ?$ Y- s% L
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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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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