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August 01, 2008' a/ v6 E( n3 O4 t9 Q
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:
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New listings: 528 (476, 599, 617)% v+ R' l* ]' _7 q/ x- Y! I5 N
# Sales: 296 (286, 293, 254)0 g5 d+ v6 X. W0 B7 E
Ratio: 56% (60%, 49%, 41%)! ]% G: k) k: l) K: I2 H, |3 V
# Price changes: 466 (480, 554, 511)! j1 H4 f3 s8 ]1 L, [% a: t
# Expired Listings: 608 (162, 270, 261)
( N ~! X, D. r7 U# U/ O# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
% E; f, {8 k* Y% H3 ]Net loss/gain in listings this week: -418 (-35, -29, 47)2 K* B. l6 x* [& f
Active listings for single family homes: 4007 (4206, 4236, 4242)2 @( b- G7 i1 t! z9 J5 \
Active listings for condos: 2708 (2914, 2910, 2901)( g4 B( ], }. {# H0 _6 P' P; s. v
4 f: W) u4 n2 h, k) R( O0 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.6 M, t8 a n$ L/ ^* ]) E I1 _$ H
$ M2 t; m* B5 d$ `8 _" h3 T( c. pFor 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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