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Edmonton real estate market - Home Prices Drop in July 8 l6 c. A J/ X- n: ~! W
0 \2 D! ]) x$ P2 P1 }# Z( h' B5 rInformation was from the follow link: 1 b. }" e0 T" n9 k8 \
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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7 `% U2 D1 _1 ]3 q6 w* Y& U; xHere 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)# }0 t6 F! S# H* S
# Sales: 198 (276, 228, 218)
. U$ L! x E& O d0 a6 H; zRatio: 43% (56%, 50%, 41%)
* D( N) T: [- T" P" E) c0 X# Price changes: 341 (390, 363, 369)7 q* x8 T3 I( u/ I7 l/ c
# Expired/Off Market Listings: 174 (221, 226, 204)( f8 B6 b$ G/ r7 g- D/ f5 X
Net loss/gain in listings this week: 84 (-5, 1, 107)4 S6 f; P( F& \! P; B! D) O( M2 t9 {
Active listings for single family homes: 3454 (3395, 3374, 3329)/ v7 y. {' l! u; F
Active listings for condos: 2253 (2232, 2209, 2217)! ?2 ?: i8 t! P' E. E) a I' E
8 Z- z& a+ o$ R7 c0 j2 UInventory, 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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( L0 j B1 ?3 R Z' U( ^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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