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August 01, 2008* E/ X C" Z. }* H
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:1 {8 r1 y) ~' I5 P* K6 K6 |
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New listings: 528 (476, 599, 617)3 k, v* ], L k# E3 ]- c$ y% q$ q
# Sales: 296 (286, 293, 254)& W* p0 I) f4 X0 I
Ratio: 56% (60%, 49%, 41%)
; Y. s) P: c1 r, J# Price changes: 466 (480, 554, 511)
5 B8 A! D6 {: s, _- x' s# Expired Listings: 608 (162, 270, 261)' E/ A2 @* r; l- L
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
4 h$ l& P; L6 Y5 o9 o9 s9 o; z" |Net loss/gain in listings this week: -418 (-35, -29, 47)
: y1 G+ H- [! V- m2 j: V. xActive listings for single family homes: 4007 (4206, 4236, 4242)
+ O0 h0 I6 |% S$ }% _* q0 T# WActive 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.
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0 j) x# t7 } I* H4 F* s$ MFor 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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