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August 01, 2008
; b5 n f. D& wWeekly Update on the Edmonton Real Estate Market
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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:% p8 E2 m# I$ b. N- S6 g- X
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New listings: 528 (476, 599, 617)
6 P5 w+ N" a3 L! i' ] ~# Sales: 296 (286, 293, 254); f3 y; Q" f+ g" V5 b8 }! |! @
Ratio: 56% (60%, 49%, 41%)
, F1 ^4 J" h X9 R1 p' y! ^# l# Price changes: 466 (480, 554, 511) w# Q5 n5 h* `' D6 @( G: I
# Expired Listings: 608 (162, 270, 261)
' K8 b8 f. u* z% s$ b9 `# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)2 y. e- T3 r" w- j) x9 g5 u- e: w
Net loss/gain in listings this week: -418 (-35, -29, 47)
4 M* P& y$ g, {, }8 F: Q- yActive listings for single family homes: 4007 (4206, 4236, 4242)6 O* x3 \2 Z/ O4 W& K
Active listings for condos: 2708 (2914, 2910, 2901)
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" t. e) w& H/ G( J' EI 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.# X$ h, X: ~% T0 D* B
, ~; Z) K- J) A/ `$ J+ } x$ Z" [! OFor 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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