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Edmonton real estate market - Home Prices Drop in July
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% S6 [0 G9 ]5 F7 a6 M- Y8 MInformation was from the follow link:
* T: Y& ^ L7 x7 Ghttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: f' k. {+ L0 o# C& |4 F \
) A3 H% }" ~5 l5 A/ F! @5 \New listings: 456 (492, 455, 529)8 K# P+ M+ \8 _/ q* _
# Sales: 198 (276, 228, 218)* H) \/ F% N% D8 M2 o. Z* s$ ^
Ratio: 43% (56%, 50%, 41%)/ k& p+ G9 Q9 e7 G: Y
# Price changes: 341 (390, 363, 369)8 f/ P: o- I8 D) p" j" F+ ^
# Expired/Off Market Listings: 174 (221, 226, 204)
, ?0 X c, v) E" M- s8 C1 WNet loss/gain in listings this week: 84 (-5, 1, 107)
/ f% ~9 f" B( k) R. s5 i O' L+ [+ LActive listings for single family homes: 3454 (3395, 3374, 3329)
( t, F1 X( |- Z( F, D3 k3 L5 PActive listings for condos: 2253 (2232, 2209, 2217)
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8 s6 z$ X/ k ^# bInventory, 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. : c; N o6 M7 y2 [; Q
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: {8 [. X* P( WThe 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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