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August 01, 2008
" r7 o/ |& q% F6 ` r/ u' W! t7 Z0 j$ oWeekly Update on the Edmonton Real Estate Market
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, v4 r3 y8 ~, M8 f1 aWeeklyupdateHere 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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New listings: 528 (476, 599, 617)7 j C' P, L+ |# \
# Sales: 296 (286, 293, 254): |! g1 c- ^2 x1 }; d: { j
Ratio: 56% (60%, 49%, 41%)
( z; {5 S7 @/ c3 B( ]& v# Price changes: 466 (480, 554, 511)
8 K1 _5 O1 ^/ f( m# Expired Listings: 608 (162, 270, 261)
. [- A# I, _# A9 j) r# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)" H' ^! ?+ |3 w. n+ C3 H5 `; ^
Net loss/gain in listings this week: -418 (-35, -29, 47)
' T4 ^8 U: B7 D0 D0 UActive listings for single family homes: 4007 (4206, 4236, 4242)8 }* i# o( G" v! q
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.
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* N" Q$ S; B: C* Z3 vFor 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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