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August 01, 2008
& G) N& @* ?3 X/ O- IWeekly Update on the Edmonton Real Estate Market6 ^$ |1 j3 p% C4 H. ~
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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:! L5 @% k% a6 i# I' T6 b; b
$ x B2 P/ [' ~New listings: 528 (476, 599, 617)
8 b( u/ q& d" v: S5 V+ R+ a# Sales: 296 (286, 293, 254)3 c) o6 p! t% ?
Ratio: 56% (60%, 49%, 41%)1 j% k4 u) U+ |7 O: m8 ~
# Price changes: 466 (480, 554, 511)
9 _+ s/ o$ y6 {( d# b) h& j2 ~# Expired Listings: 608 (162, 270, 261)" H5 ^% M* R+ g6 l9 h
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55) M& l" d4 ~) o* }! J/ z) J
Net loss/gain in listings this week: -418 (-35, -29, 47)
' ^. u' b t1 \) z( ~" U# R% A# ZActive listings for single family homes: 4007 (4206, 4236, 4242)1 O% m' D% u( d9 t. O
Active listings for condos: 2708 (2914, 2910, 2901)
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7 h1 g7 K2 O/ F$ F, y6 O) xI 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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# P: u- b) W; i2 H) jFor 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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