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August 01, 20080 k- H0 {& p6 L, l2 g' \
Weekly Update on the Edmonton Real Estate Market
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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:) @" S2 ^/ j8 ]3 s/ u4 G
2 y2 b- o$ c; s9 PNew listings: 528 (476, 599, 617)& i% J7 w1 e- Y* d1 ]; M! }
# Sales: 296 (286, 293, 254)* c# B, n. l' h& U
Ratio: 56% (60%, 49%, 41%)
" E' q% ?* A1 ~* F# Price changes: 466 (480, 554, 511)
' Q& V# T. D& j8 O& L! D1 a) O) p4 D5 S# Expired Listings: 608 (162, 270, 261); w$ D$ C8 P2 w- E
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)* H2 \! s0 X! P
Net loss/gain in listings this week: -418 (-35, -29, 47)6 P" ?; n* M+ i! U* }3 F5 P
Active listings for single family homes: 4007 (4206, 4236, 4242)
9 s3 }: d, V! M$ BActive 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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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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