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August 01, 2008
% E* W( {/ D1 t, v4 _Weekly Update on the Edmonton Real Estate Market
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/ U3 s X T" i0 `( g& c+ K: CWeeklyupdateHere 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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New listings: 528 (476, 599, 617); l0 P! G7 x {" l& l. v7 E7 O
# Sales: 296 (286, 293, 254)
0 s& _; e9 S+ Z6 E* G* J" i0 y* eRatio: 56% (60%, 49%, 41%)/ ~- p9 T& `3 U$ `( ~0 p9 v* D
# Price changes: 466 (480, 554, 511)
) M: j3 Y: Q* V9 u" a0 x# Expired Listings: 608 (162, 270, 261)- d3 L o" s- s q( `) E% F% v( K
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)+ ?, p: m& m" _2 b6 l% ?/ c `
Net loss/gain in listings this week: -418 (-35, -29, 47), e6 Z0 a5 S+ \5 ?9 ?7 u
Active listings for single family homes: 4007 (4206, 4236, 4242)
1 C! _5 |. R5 ^. h# g5 `7 n( gActive listings for condos: 2708 (2914, 2910, 2901)$ a5 L# r% I7 m4 {) K( _, F9 e3 b
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I 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.3 a9 J: J ]2 w9 p) ]
# p* C5 o" u! {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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