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August 01, 2008
& H& h4 g; a2 T0 r7 z+ RWeekly Update on the Edmonton Real Estate Market
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- m# j3 S# ^9 I2 W$ D( @7 yWeeklyupdateHere 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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3 n8 Z) c6 D' j2 I) v% cNew listings: 528 (476, 599, 617)- y0 X2 \% ~- y" K" K
# Sales: 296 (286, 293, 254)
% h' p( m4 h% N- i+ dRatio: 56% (60%, 49%, 41%)3 T# ?& u) E* O. t P# ^$ u& ?6 ^
# Price changes: 466 (480, 554, 511)) P/ g+ u9 S( K% {6 L6 u9 w! z
# Expired Listings: 608 (162, 270, 261)
& V& A/ S2 M7 u. U* P# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)# Z p j0 C. S3 ^% k& I8 d* f; U
Net loss/gain in listings this week: -418 (-35, -29, 47): L- M; o5 Y2 L: ~1 T w
Active listings for single family homes: 4007 (4206, 4236, 4242) i. H: V* b$ c$ o0 m4 ]( u
Active listings for condos: 2708 (2914, 2910, 2901)! c r5 o" C$ k! N
1 c" e' h$ M: i( n/ TI 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.! u& U0 Y% g P7 O8 y
4 @' @4 b1 u# CFor 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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