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August 01, 2008
G, W* j1 M& z9 l& a5 n: OWeekly Update on the Edmonton Real Estate Market1 ~+ s% `9 [4 ^) [9 Y
4 y: m( n5 ^7 C9 TWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:; T" O: _: o: p; ^2 Z* `
! N8 S9 D5 O5 o5 N) vNew listings: 528 (476, 599, 617)
! H3 o6 a# k" ?8 j7 S# Sales: 296 (286, 293, 254)
7 N9 K& l) |& r1 r# jRatio: 56% (60%, 49%, 41%)0 L" d( `( Q0 r% ]
# Price changes: 466 (480, 554, 511)
+ S$ N1 R* N' L0 i# Expired Listings: 608 (162, 270, 261)4 N; F1 n/ g2 J. V& S7 I8 y. J
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
3 {" f8 V6 x0 G/ H* X' z8 K1 K3 ENet loss/gain in listings this week: -418 (-35, -29, 47)
_1 `% ~1 Z$ ]8 Y! y8 P& pActive listings for single family homes: 4007 (4206, 4236, 4242)' l: c8 N; A4 g! O+ b
Active listings for condos: 2708 (2914, 2910, 2901)
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0 i: q3 D: [* J0 w0 ~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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7 [- I9 K8 q4 \4 K" |- T# T- y2 n2 FFor 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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