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Edmonton real estate market - Home Prices Drop in July
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0 ?. a; z" z+ E& f3 z" \Information was from the follow link: 0 F' e, g4 l; u- P" X
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html" c: {( i' b. M1 Q
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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:
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) d. {& R; F& ], e& ONew listings: 456 (492, 455, 529)
5 H( E/ U7 q( J4 y2 g' C# Sales: 198 (276, 228, 218)
2 r% x3 |* ]9 {, F6 X) d+ VRatio: 43% (56%, 50%, 41%)2 \- P* \. z7 ~$ W+ B
# Price changes: 341 (390, 363, 369)
8 ]/ P: z# ~7 T; ]: X) @1 @+ x* q9 v& v9 z# Expired/Off Market Listings: 174 (221, 226, 204)
7 o6 ]. N: s" mNet loss/gain in listings this week: 84 (-5, 1, 107) m4 y4 k1 T4 v1 G& K
Active listings for single family homes: 3454 (3395, 3374, 3329). G- R0 V( }6 h6 y X: e) {, _
Active 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.
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" S% c" [; n2 T0 B. IThe 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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