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August 01, 20088 h5 `, b7 k# P4 b! P( a& E% P
Weekly Update on the Edmonton Real Estate Market
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" U. c7 N" T( lWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:# Y- R8 T" P& b4 G2 d. X" k( x
% @! j# F" p1 Q' W4 {New listings: 528 (476, 599, 617)* y2 B: e- A' D9 |
# Sales: 296 (286, 293, 254)
5 m+ Y1 g ?5 z4 F2 ?Ratio: 56% (60%, 49%, 41%)) S5 B* s" o0 i1 j0 s, a
# Price changes: 466 (480, 554, 511); E, b& \: ]8 M. g
# Expired Listings: 608 (162, 270, 261)! n$ b& w' z4 r; O
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)8 ~# E. E3 P/ z0 X/ t
Net loss/gain in listings this week: -418 (-35, -29, 47)* D' v- G5 f8 x6 l5 {, y+ b4 ] t
Active listings for single family homes: 4007 (4206, 4236, 4242)/ b% J3 a8 L }& Q- G& r# X5 c
Active listings for condos: 2708 (2914, 2910, 2901); g8 s6 l1 c" c0 p) f4 ~
$ j1 A+ I2 U: E1 XI 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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