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August 01, 2008
4 `1 l$ q" ?% @4 {Weekly Update on the Edmonton Real Estate Market
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" H& \6 e2 i0 FWeeklyupdateHere 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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3 k( e7 M# g, N. i! N4 KNew listings: 528 (476, 599, 617)
& Q# O! \) c/ `7 X4 H# Sales: 296 (286, 293, 254); ]/ C9 j; n, I4 T# T8 E
Ratio: 56% (60%, 49%, 41%)1 I% Z' j) W3 x! j8 t8 d
# Price changes: 466 (480, 554, 511)
0 u3 N& ~" s( V; k# Expired Listings: 608 (162, 270, 261), K6 w: t) {/ U8 F
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
# R( T- u8 o% [4 A/ f# ENet loss/gain in listings this week: -418 (-35, -29, 47)& l# B! e: d1 A; h8 p/ w
Active listings for single family homes: 4007 (4206, 4236, 4242)
- p4 z0 a' _# ZActive listings for condos: 2708 (2914, 2910, 2901)' D: g8 H' B6 e Y/ A! N
4 m) i# U( e! |" JI 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.4 V. M; R# w/ |' s- {2 x' _
: Q5 |6 y0 }: o* s( [* W. }/ w/ m7 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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