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August 01, 2008
1 q& L: c- Z8 G. x$ I, A7 ]" X$ @Weekly Update on the Edmonton Real Estate Market
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* R3 j6 i4 q2 }0 H$ `WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:* H$ N: F' ]3 f: {. O* M2 P
5 D* ]& K& \( L5 |* m, JNew listings: 528 (476, 599, 617)8 m! u4 f0 l% u$ W
# Sales: 296 (286, 293, 254); U' Q6 }7 L: B! {' L: {$ ^( B
Ratio: 56% (60%, 49%, 41%)
1 [& a* @+ D* s# Price changes: 466 (480, 554, 511)( q1 u# T* ^; R$ p/ v% c
# Expired Listings: 608 (162, 270, 261)8 J7 T( s$ V" o8 E. `$ O
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
: V( D9 \. {( V! a% ?Net loss/gain in listings this week: -418 (-35, -29, 47)* G' l) K4 F9 E7 q5 E5 z, S3 j
Active listings for single family homes: 4007 (4206, 4236, 4242)
7 \6 |' a0 `, p5 r3 YActive listings for condos: 2708 (2914, 2910, 2901)
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: x: J- a( K# \& DI 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.7 y, J& \7 w: i( t
[" d& h& j0 g/ D9 ZFor 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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