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August 01, 2008- ?. m7 y4 H+ C" ~
Weekly Update on the Edmonton Real Estate Market' Q8 P# }$ }2 \- u7 W1 j
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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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" v9 y2 x0 W' I( y) _New listings: 528 (476, 599, 617)
+ `$ W3 p9 ^( M+ _( ^# Sales: 296 (286, 293, 254)
6 r6 C4 ], I( GRatio: 56% (60%, 49%, 41%)7 S1 G e- b4 f( Z
# Price changes: 466 (480, 554, 511)6 E* o5 S6 p; j. m: V* U" ]
# Expired Listings: 608 (162, 270, 261), t1 q& T! k5 G3 P* h( R
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)8 v2 S" G" E" y4 Q" n* N( A/ M
Net loss/gain in listings this week: -418 (-35, -29, 47)) |3 J! e; [! [" | b
Active listings for single family homes: 4007 (4206, 4236, 4242)+ }5 q; T+ g$ _
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.5 o/ u2 k- C9 x7 x4 d- B7 U' S6 z7 d
1 z/ j8 i @- c n. ZFor 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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