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Edmonton real estate market - Home Prices Drop in July
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% H6 w0 I* V) l2 J7 n8 cInformation was from the follow link:
% h) R( ?2 ?' a& B4 zhttp://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 y1 H# J1 d b. b
( |+ A# l" R' Z- jNew listings: 456 (492, 455, 529)
1 O, o& G: K( l9 j# Sales: 198 (276, 228, 218)
; W6 ~9 t, e5 r' o2 dRatio: 43% (56%, 50%, 41%)
5 f" H% W% U& c4 h9 S0 I# Price changes: 341 (390, 363, 369)
P* k I$ g* z' U# Expired/Off Market Listings: 174 (221, 226, 204)7 `; I/ E/ m6 p5 Y% b. t
Net loss/gain in listings this week: 84 (-5, 1, 107)2 t8 f3 n* J& ^( `! m
Active listings for single family homes: 3454 (3395, 3374, 3329)
/ u8 Y( \1 H9 y3 _) g7 hActive listings for condos: 2253 (2232, 2209, 2217)
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* k F& u* s* l5 AInventory, 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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: S' X) m8 P- B. _8 w6 G) Y9 ~7 {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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