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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: * f! ?: M$ r! T& S4 u& L6 [% `
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html! {! m* J' ]8 u( r/ z, ?* x+ c
# P2 W4 K9 K& C. q6 kHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:, |' {1 ^0 G( {; ]( s2 r
% b4 `! `0 c% F- M- {New listings: 456 (492, 455, 529)
, |" J$ \9 _$ s- t% B2 E# Sales: 198 (276, 228, 218)
& m4 O9 f( c/ P. j k) ~5 g$ qRatio: 43% (56%, 50%, 41%)
5 e2 q" x/ |- T( Y$ k# Price changes: 341 (390, 363, 369)+ w r- ~9 n. d7 G& I% o
# Expired/Off Market Listings: 174 (221, 226, 204)
8 T' ]! M* s5 o6 L* ]9 ?* CNet loss/gain in listings this week: 84 (-5, 1, 107)
3 q" a3 w6 \9 g' c1 y5 k" `Active listings for single family homes: 3454 (3395, 3374, 3329)+ l+ v U) R3 k& z4 P2 \9 S
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. * u! \$ K/ m, V2 v0 B0 B
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" n* v6 z1 ~. c5 l1 L1 HThe 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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