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August 01, 20082 W# @/ k) l7 H0 ]
Weekly Update on the Edmonton Real Estate Market( O7 Z- L' v4 Q8 K7 C7 y4 I& b
( {" d+ b" F3 _6 M- j2 k6 vWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:: `3 Z* `1 ~0 f$ o+ e
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New listings: 528 (476, 599, 617)5 S1 `, V0 R4 D6 [4 I6 [
# Sales: 296 (286, 293, 254)# a- X& M1 ~+ ]' \
Ratio: 56% (60%, 49%, 41%)
: N; A! l: R* Y' ^/ b- n" T# Price changes: 466 (480, 554, 511)
; ^; g+ ?( r* P$ C4 o% K# Expired Listings: 608 (162, 270, 261)
" f% S3 G1 e8 E) _4 \# Canceled/withdrawn/terminated listings: 47 (63, 65, 55): M# D8 _( L) k# m% B
Net loss/gain in listings this week: -418 (-35, -29, 47)
4 O5 C8 ^* w8 o. {2 jActive listings for single family homes: 4007 (4206, 4236, 4242)/ a- R/ B# \, w: I x. O+ B
Active listings for condos: 2708 (2914, 2910, 2901)
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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.
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( G/ e+ e% @/ p7 q7 WFor 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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