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August 01, 2008% w* `: j9 `& L1 W) L$ ]' J
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)
2 O7 F5 Q& L2 F7 O6 ?( C2 a# Sales: 296 (286, 293, 254) o" l: X C( x% v5 d* \
Ratio: 56% (60%, 49%, 41%)% @- G+ k p( i, q# F& D! q+ X
# Price changes: 466 (480, 554, 511)) U$ K/ B5 U* Y" W9 C( x: R
# Expired Listings: 608 (162, 270, 261)" `7 D, m3 r5 R
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55); G4 z6 S* W8 L9 z* X+ t
Net loss/gain in listings this week: -418 (-35, -29, 47)/ k% N2 h4 t& h& s' v' c
Active listings for single family homes: 4007 (4206, 4236, 4242)) G X x1 b9 E Q
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.- Y' \& h7 i" v+ m G
. Y: z7 t) W& }' sFor 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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