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August 01, 20081 M6 n& g( O {% H0 z0 V
Weekly 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:6 d! L4 d! v) m0 L4 d
A) h' v$ D3 T: \% C* @; GNew listings: 528 (476, 599, 617)
l1 w1 ]$ q4 a) O5 F( y0 c6 s# Sales: 296 (286, 293, 254)
2 O7 X( o9 _$ S1 l/ z0 X BRatio: 56% (60%, 49%, 41%)$ H0 |- c, C- g6 p
# Price changes: 466 (480, 554, 511)3 R, v1 s) _1 f: A( w
# Expired Listings: 608 (162, 270, 261)# {- z; `( A% p( u, x4 r7 t
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
( q% Q5 f, [5 |Net loss/gain in listings this week: -418 (-35, -29, 47)* U1 A. B! W4 N# @2 G: o
Active listings for single family homes: 4007 (4206, 4236, 4242)& w5 |) q- V5 W& M9 {, A
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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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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