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August 01, 20088 P5 t: z$ m# B
Weekly Update on the Edmonton Real Estate Market6 m' W/ D1 g3 g' F6 z" q. |* H
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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:- I& j: l6 B6 f% y2 ?; c
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New listings: 528 (476, 599, 617)
# R! t4 L0 i; U# Sales: 296 (286, 293, 254). X# Z7 L- e2 D1 d
Ratio: 56% (60%, 49%, 41%)
, l4 R1 U2 H2 ^% @3 z& F2 H# Price changes: 466 (480, 554, 511)/ w2 D7 D" v3 l5 r5 v
# Expired Listings: 608 (162, 270, 261)
" k5 k# U5 s7 c( Y) u+ [" l# C# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)( e! L N4 U; W
Net loss/gain in listings this week: -418 (-35, -29, 47): l4 x( F- ~6 G
Active listings for single family homes: 4007 (4206, 4236, 4242)
/ N- S8 ?0 E2 W6 J) PActive listings for condos: 2708 (2914, 2910, 2901)# P( w) M) @% y( i. w U
8 F7 i- n7 O8 kI 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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9 P/ ]) Q: g# G6 i6 \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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