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August 01, 2008
) k' g. }( Y/ WWeekly Update on the Edmonton Real Estate Market7 f2 ^& V$ m: p9 M: N
2 G8 C7 Q+ n$ j P" }/ ~! \- l" sWeeklyupdateHere 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)' f# [4 t7 r0 p$ i' R
# Sales: 296 (286, 293, 254)
# s$ Q5 U/ I; K9 ]Ratio: 56% (60%, 49%, 41%)
" F8 X# v* W( K1 a" i# Price changes: 466 (480, 554, 511)
0 z7 j+ s k3 m6 u0 s# Expired Listings: 608 (162, 270, 261); ~$ ^" K, ], M
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)8 X6 {" q/ r& R9 ]
Net loss/gain in listings this week: -418 (-35, -29, 47)) H' d A% b9 d+ M7 f' W0 W
Active listings for single family homes: 4007 (4206, 4236, 4242)" w# U, g4 H8 B: a, p( {
Active listings for condos: 2708 (2914, 2910, 2901)5 s" A1 @8 o$ w. s
0 s; N! @& u2 A/ R8 ?4 y2 UI 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.2 G7 Y& @+ q! v' p
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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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