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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
" [' G% D8 R _8 j# vhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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* a1 h$ u3 f* c9 a- 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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0 O2 | n6 r. L vNew listings: 456 (492, 455, 529)
# C5 t; R3 o1 H$ l- Q# r0 ?# Sales: 198 (276, 228, 218)' q) ^ }/ q( S- N0 S
Ratio: 43% (56%, 50%, 41%)
' R, d1 f; ?0 l7 r. R5 v# Price changes: 341 (390, 363, 369)
1 L' l( \4 V% u# Expired/Off Market Listings: 174 (221, 226, 204)
9 I3 H3 R% [) V( FNet loss/gain in listings this week: 84 (-5, 1, 107)
- `7 [0 p2 ~, w( c* zActive listings for single family homes: 3454 (3395, 3374, 3329)
3 Q1 o: E: ~' H7 W zActive 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. # A# N2 L0 v7 N6 X2 L& L3 W/ X
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/ d, N$ A9 }. v- \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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