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August 01, 2008
9 J- F) u6 {. c! z. IWeekly Update on the Edmonton Real Estate Market4 s- z- Y4 p# H) V/ d% F
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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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New listings: 528 (476, 599, 617)6 {( t+ g$ B) H; T/ K7 q& ]
# Sales: 296 (286, 293, 254)
- R j) E9 z, y" [4 u7 P; _; oRatio: 56% (60%, 49%, 41%)
3 n `0 N5 u7 m1 @& u( {% w4 G: W# Price changes: 466 (480, 554, 511)- c( ]$ x8 d) ]3 H$ y4 C3 `
# Expired Listings: 608 (162, 270, 261)
* X u. J. C6 \" {$ ]" v, w# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)' N0 t, h* w! ~: @% u/ \+ d, S6 S
Net loss/gain in listings this week: -418 (-35, -29, 47)
; W8 p8 v$ I! B. TActive listings for single family homes: 4007 (4206, 4236, 4242)) d2 i" t7 q- T3 [
Active listings for condos: 2708 (2914, 2910, 2901)- d- R' Y* u2 K9 u2 A$ x
* X2 V4 x, c( T7 V0 `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.
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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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