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August 01, 2008
/ a0 W _) b) @0 F$ b% F1 xWeekly Update on the Edmonton Real Estate Market/ B! z- _# g9 x% r& C* {, i9 _9 f
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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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( ]4 W( E6 ~+ ~% V/ ^ aNew listings: 528 (476, 599, 617)
9 _, w' |: W# M# Sales: 296 (286, 293, 254)
3 Z7 r; g' `& K$ U7 Y6 IRatio: 56% (60%, 49%, 41%)& d2 f2 U5 G! n* K5 F
# Price changes: 466 (480, 554, 511)
6 X9 N ?$ `2 |# Expired Listings: 608 (162, 270, 261); w" v1 O" L* ^ }/ g+ v& Z
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)$ w$ x( }; C" s, V( S' g2 B
Net loss/gain in listings this week: -418 (-35, -29, 47)
$ Z- y& e* F4 P5 G- v' X! fActive listings for single family homes: 4007 (4206, 4236, 4242)
. d3 P( Y) s& V3 B" N* P- WActive listings for condos: 2708 (2914, 2910, 2901)+ t; O9 T2 [- X7 h, {/ o: |
5 S( s- ]% Q3 d! k: ?2 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.
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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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