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Edmonton real estate market - Home Prices Drop in July
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9 @6 e0 Y' [2 Q6 D# Y/ eInformation was from the follow link:
! a7 j C& x" Rhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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( z2 U. ~& ^7 \2 Y, J- j4 qHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:3 e& Q- I$ H z/ B
- K6 V: y2 ?) z. I) H! |9 U# T8 t" y+ eNew listings: 456 (492, 455, 529)
+ f6 {5 m3 S, ~9 P Y# H& l3 H# Sales: 198 (276, 228, 218)2 @: u3 N' \& R4 w
Ratio: 43% (56%, 50%, 41%)4 v2 Q4 y8 [9 s) q% [& M5 g0 i
# Price changes: 341 (390, 363, 369)" M% S2 j/ o% A
# Expired/Off Market Listings: 174 (221, 226, 204)6 d5 J0 d' _ n
Net loss/gain in listings this week: 84 (-5, 1, 107)
! k% {3 l) S1 \) o# [" K$ JActive listings for single family homes: 3454 (3395, 3374, 3329): T1 w8 u* ^% ~3 l/ t) s
Active listings for condos: 2253 (2232, 2209, 2217)$ H! ]; B `3 k
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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. 2 \9 E( [0 t% B W3 f7 \; n
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3 t6 B# s5 H' H9 ~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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