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August 01, 2008
* H) y1 F: l' {. {$ PWeekly Update on the Edmonton Real Estate Market- O: @6 U% V, I& ^; d! G: b6 E
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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:) L7 `& U' ~$ S2 [3 A
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New listings: 528 (476, 599, 617)) U1 \2 Q3 X! B" @& {: @
# Sales: 296 (286, 293, 254)9 ~* e3 ]6 |7 \7 `3 {: @* |
Ratio: 56% (60%, 49%, 41%)) w4 l5 Z5 T5 F& }" N4 }
# Price changes: 466 (480, 554, 511)$ \/ Z! _+ `! ]5 D8 Z# Y! U8 {9 F
# Expired Listings: 608 (162, 270, 261)
$ S8 N& \! E; @# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
0 V, l9 ~0 m) x& p2 I) {Net loss/gain in listings this week: -418 (-35, -29, 47)
: I8 A! h# _' S- hActive listings for single family homes: 4007 (4206, 4236, 4242)+ H! I8 D" `6 g5 Y! W' p
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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k; q" G% Z' U* Z7 B" WFor 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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