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August 01, 2008
0 t0 Q/ Z* W. FWeekly Update on the Edmonton Real Estate Market$ R) F: Q* X1 A' g6 D2 W3 v
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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:/ _3 g- v$ `3 {; R. e! ?% f d
4 ~" y8 ~; q. V2 }New listings: 528 (476, 599, 617)2 u' o9 A( Z" M8 \- R. [
# Sales: 296 (286, 293, 254)& i% K, {) [$ `' C
Ratio: 56% (60%, 49%, 41%): _& H/ {2 M% k2 v3 @$ Q, P
# Price changes: 466 (480, 554, 511)4 H5 G. ?/ B: I
# Expired Listings: 608 (162, 270, 261)" R3 z( b( N, O6 z* h
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
' R8 f& U' K( E1 Y' S& QNet loss/gain in listings this week: -418 (-35, -29, 47)
, ^: @) E# `$ c0 e4 p: X( {Active listings for single family homes: 4007 (4206, 4236, 4242)
3 I0 q) H/ d2 n/ Y+ AActive listings for condos: 2708 (2914, 2910, 2901)% Y- ?- [, M( N" a+ s3 \$ B
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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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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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