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August 01, 2008
) b6 z# z& _0 d: D9 BWeekly Update on the Edmonton Real Estate Market
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0 V' W' k5 [2 _' I0 cWeeklyupdateHere 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$ x ~9 D8 f! _ r. q# Sales: 296 (286, 293, 254)
- t3 w# y8 H! ~2 nRatio: 56% (60%, 49%, 41%)4 |; }" f0 O! j: h
# Price changes: 466 (480, 554, 511)
& D1 _- G1 E! k: G& D" t' B# Expired Listings: 608 (162, 270, 261)
' S. ~4 R0 A q6 W- f+ c# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
9 ^% N; `0 i1 |. S! H0 qNet loss/gain in listings this week: -418 (-35, -29, 47)
% j, e) }: c6 Z7 w# x+ MActive listings for single family homes: 4007 (4206, 4236, 4242)! q% L# j& D( v0 n; D4 C
Active listings for condos: 2708 (2914, 2910, 2901)9 r, a- e& g0 a; u% t m7 T Y2 y; v& `
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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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. V4 U m. Z/ O: xFor 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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