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August 01, 20083 x3 t' X \( \$ @0 q) f
Weekly Update on the Edmonton Real Estate Market0 O0 Z: E' v% K3 Y# p4 O
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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:
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New listings: 528 (476, 599, 617)7 I7 K/ x& Q9 J% G& y/ k
# Sales: 296 (286, 293, 254)1 n- K" j5 }9 t; ]1 z) O. M
Ratio: 56% (60%, 49%, 41%)9 _: q+ N- `$ z R- Z! V2 d7 r `* j
# Price changes: 466 (480, 554, 511)' `7 O# E5 W7 P7 K( l, N- x# l. W0 Z
# Expired Listings: 608 (162, 270, 261)$ ^; O/ {! H+ I- \0 {! v
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)9 `9 H8 }: H$ O1 C
Net loss/gain in listings this week: -418 (-35, -29, 47)
8 X/ r) A7 }4 Y5 u" OActive listings for single family homes: 4007 (4206, 4236, 4242)" y n9 ]: e% C; Z8 x: i
Active listings for condos: 2708 (2914, 2910, 2901)2 n. L/ S" J5 @! I- t0 `- @) p
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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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+ F! k, b2 E; z; _; B3 Y: G7 sFor 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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