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August 01, 2008
, R6 _) q% Y: t2 z/ _7 cWeekly 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:3 u1 Q9 @ ~9 K. n+ w
" i) Y5 G9 t/ y) p1 c; z4 K4 BNew listings: 528 (476, 599, 617)# ?. j* L7 u( x3 }
# Sales: 296 (286, 293, 254)
* d g1 y1 Z/ s% R9 Z% |7 }Ratio: 56% (60%, 49%, 41%) B7 z U2 W6 T, X9 Y2 X/ P: n: }
# Price changes: 466 (480, 554, 511), h! k& }0 U& G; T3 O% t/ B5 v
# Expired Listings: 608 (162, 270, 261)
, B) y& q: S& |8 k0 a# q# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)! }" h; o4 u% J2 w; s" K
Net loss/gain in listings this week: -418 (-35, -29, 47)5 y* I! S& s2 S0 m$ Z
Active listings for single family homes: 4007 (4206, 4236, 4242)
' r, n- E1 S! }& ZActive listings for condos: 2708 (2914, 2910, 2901)) K* E6 w& d1 e6 F
; l+ G' H- d- f( w( @; g2 NI 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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2 L! W$ u K) W5 QFor 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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