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August 01, 2008* k3 q& x9 J% }9 A+ ^) |
Weekly Update on the Edmonton Real Estate Market) U( G- m! b! y
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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:' C5 d3 p0 }1 t2 r
3 \9 \( H3 C' L' h, tNew listings: 528 (476, 599, 617)$ c" q9 X4 X, O& g; i6 `
# Sales: 296 (286, 293, 254)
9 l, a' R) y" Q3 KRatio: 56% (60%, 49%, 41%)
& ^- j9 b# n% x7 @$ O( {! [! l, B" N; s' g# Price changes: 466 (480, 554, 511)& l: l$ e. f: F. f
# Expired Listings: 608 (162, 270, 261); h- q U, z* x. B5 _; W
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
- c2 o5 @5 x+ p$ c! R& CNet loss/gain in listings this week: -418 (-35, -29, 47)
; ?( j/ Q7 U6 {* W9 OActive listings for single family homes: 4007 (4206, 4236, 4242)+ m: W8 N. T% f8 ]( H! [( d- {
Active listings for condos: 2708 (2914, 2910, 2901)+ r8 |, d$ S% }* K7 ^0 \6 b- e* r
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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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