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August 01, 2008
9 ]2 r% |9 F" u/ y$ X2 JWeekly Update on the Edmonton Real Estate Market0 o5 [" H8 h$ J" R
, E: W2 d' z. k' t& oWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:9 M8 X7 y L# Y) K* D+ n: }
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New listings: 528 (476, 599, 617)
( t6 ?$ w+ I8 B' Q# Sales: 296 (286, 293, 254)2 H% y. h$ w* D% C4 V+ h" f. }3 | B
Ratio: 56% (60%, 49%, 41%)
. _1 w3 z+ N U- v/ D8 Z# Price changes: 466 (480, 554, 511); U6 N7 ^* p, {- [ g) \! `3 V* C
# Expired Listings: 608 (162, 270, 261)
0 d$ F' J+ K, Q; z# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
5 g& d* Z4 `0 @, R ^9 M% m' o4 cNet loss/gain in listings this week: -418 (-35, -29, 47)
! o3 g, i+ O# p6 ~$ {8 r. Q( xActive listings for single family homes: 4007 (4206, 4236, 4242)! g; o' C2 r& I0 J
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.3 e, a4 D7 o0 v P* M
* ^& {, e& L6 QFor 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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