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August 01, 2008
3 t) N- F. h: K; RWeekly Update on the Edmonton Real Estate Market) K' S0 b) ]: n C: a+ p7 M1 N
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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:
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) a7 @, R" N% t: m) LNew listings: 528 (476, 599, 617)( w2 E9 R; x' M( B+ ]
# Sales: 296 (286, 293, 254)5 Z: n: c3 {4 l) R5 ~& w* |- H
Ratio: 56% (60%, 49%, 41%)
' y2 z9 g; X$ J: a% Z: l, b# Price changes: 466 (480, 554, 511). J& \- I& ]. N8 L7 l
# Expired Listings: 608 (162, 270, 261)7 P a' r+ e/ F5 V: B9 f; P
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
% c+ z4 _% l1 _/ C0 jNet loss/gain in listings this week: -418 (-35, -29, 47). ?, A/ N' T6 K" L6 r
Active listings for single family homes: 4007 (4206, 4236, 4242)2 }( A, r) G- X! W: D
Active listings for condos: 2708 (2914, 2910, 2901)
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# s1 j$ X- O) p$ U0 [3 XI 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.; A" l( P( _0 v3 R& C7 k2 c
7 m8 ?' @ J/ Y5 Z% A6 v5 i$ C" h {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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