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August 01, 2008
/ F1 w) g7 w S5 P f* }Weekly Update on the Edmonton Real Estate Market
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* q! D1 R2 p* ^5 E+ o" d3 mWeeklyupdateHere 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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+ [' X2 U; @7 v. g1 BNew listings: 528 (476, 599, 617)9 n+ q f* X* u# U; ?* t
# Sales: 296 (286, 293, 254)( B( I, t- d' r2 P+ a; v( l7 U
Ratio: 56% (60%, 49%, 41%)) I9 z5 ^, t$ r0 l! p
# Price changes: 466 (480, 554, 511)( H" }0 i: w( A- x4 V0 B
# Expired Listings: 608 (162, 270, 261)
" y5 B5 H) J3 [: |$ v$ C' @' q B# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
& ^" r$ J4 R+ A+ \; t M* C' N% rNet loss/gain in listings this week: -418 (-35, -29, 47)
9 p+ C( f) P: y0 u- j$ bActive listings for single family homes: 4007 (4206, 4236, 4242)3 Y2 f1 t3 h H
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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9 }6 J# ^: J0 g4 UFor 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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