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August 01, 20088 Y8 `8 K0 |6 J: a* f
Weekly Update on the Edmonton Real Estate Market
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WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:- F3 J2 x5 z: u( r( }0 {
& p! Y7 q, W( U: e- n+ L! hNew listings: 528 (476, 599, 617)0 R4 p$ i+ v. W, _+ t
# Sales: 296 (286, 293, 254): E5 x; {0 f' J* F5 k' k1 v
Ratio: 56% (60%, 49%, 41%)8 D, B! A4 `- E
# Price changes: 466 (480, 554, 511)& Y p4 E3 y3 c( ~
# Expired Listings: 608 (162, 270, 261)( m+ b9 e t$ l3 B; H
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)7 U) }: d4 t, Z+ ^3 B
Net loss/gain in listings this week: -418 (-35, -29, 47)6 `7 ~% J) K5 s, G% k5 w
Active listings for single family homes: 4007 (4206, 4236, 4242)
7 e- K& |" h# G3 r) Z+ A) IActive listings for condos: 2708 (2914, 2910, 2901)5 m& \. Z8 _% I0 X& j$ g
' ^! M. l: j2 \$ R" o% sI know we promised a big day for stats today, and it is still coming. There has been a slight delay getting the daily stats up for the last day of July in the board's database, but I have their assurance the numbers will be up shortly. We'll get that to you asap.
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For now, we've got our weekly analysis. As is typical for the end of the month, there were a large number expiries, which accounted for another drop in inventory. The new listings to sales ratio remains higher than we've seen in previous weeks. Another interesting tid bit, there were a large number of condos that changed hands this week - 137 when the average for the last 5 months is 100. This is likely due to the number of people up looking for condos for their kids going to U of A this fall. |
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