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August 01, 2008
! _# {: o E6 L- k$ e1 kWeekly Update on the Edmonton Real Estate Market5 K& ~& H& H+ j/ v
0 n1 J* ^) R/ hWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:( p- i' j% f, b5 L
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New listings: 528 (476, 599, 617)( g( c( {. [) [8 {
# Sales: 296 (286, 293, 254)
% H/ t9 ]5 V/ m( TRatio: 56% (60%, 49%, 41%)! ?" \- D8 p5 ~( D. ]3 V
# Price changes: 466 (480, 554, 511)" R5 U) P5 M# |9 C. q( ]
# Expired Listings: 608 (162, 270, 261)% N' g0 \1 L8 o. S7 C/ `
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)$ x5 R' {! {( R$ o3 n
Net loss/gain in listings this week: -418 (-35, -29, 47): B0 d6 r b8 M+ ^. r& b1 f7 v
Active listings for single family homes: 4007 (4206, 4236, 4242)7 F6 s& k$ {6 F6 Y) h
Active listings for condos: 2708 (2914, 2910, 2901): {/ m o3 l& Q1 b/ O- }) D# i
: J$ r1 n* b1 X% l) u7 e; S& D9 @% fI 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.+ S# R. K% K0 \! ]! k
: {( _$ V' i) {' U: dFor 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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