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August 01, 2008
- ^ }/ |' m3 B- i2 W' bWeekly Update on the Edmonton Real Estate Market
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' y' B; H. W( l# Z6 \WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
5 @/ x5 J5 h1 e3 U5 n- l0 k& f& s! K% y8 `5 [# Y
New listings: 528 (476, 599, 617)2 q/ N% n T+ L6 V
# Sales: 296 (286, 293, 254)
$ H$ ]7 e0 ^3 r' t! e) hRatio: 56% (60%, 49%, 41%)
; C2 N* ]; F0 p3 k7 {# Price changes: 466 (480, 554, 511)
3 [2 Z0 ~' t: a; v6 b2 j# Expired Listings: 608 (162, 270, 261)
7 [+ H! o9 h! C+ q* f# Canceled/withdrawn/terminated listings: 47 (63, 65, 55), |; s$ P: a6 J2 C! S2 o1 x% d
Net loss/gain in listings this week: -418 (-35, -29, 47)
+ l6 X( I; i! S) OActive listings for single family homes: 4007 (4206, 4236, 4242)! j- v& m. Z. b; U9 Z/ V
Active listings for condos: 2708 (2914, 2910, 2901)% x7 P2 q' i. Z# S7 X2 K& f' e
$ a- b9 \, f' _$ K2 [* AI 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." C7 E2 z, {) i
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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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