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August 01, 2008
- u0 [& W! D P/ U* YWeekly Update on the Edmonton Real Estate Market0 b# z O; I' y3 V [( m! q* p3 r0 Q, d$ k
' b1 Y3 Q- ?5 e' HWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:4 i; `/ j) N- g. v, X, m2 \$ ^+ q
( U- U% L4 ]! B- X8 u: G2 aNew listings: 528 (476, 599, 617)
/ l, o# ?$ M: ~) u1 e# Sales: 296 (286, 293, 254)
8 b/ z) g( E5 m! x) ^Ratio: 56% (60%, 49%, 41%)
5 D+ g5 i, ~! w; Y l# Price changes: 466 (480, 554, 511): f3 A9 y" L6 n% D$ }% v
# Expired Listings: 608 (162, 270, 261)( }" Z( W+ c( ?, d3 ~
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
$ W+ l7 y k9 ]+ V7 }Net loss/gain in listings this week: -418 (-35, -29, 47); o9 e! T: U/ f: t1 h: `/ g \
Active listings for single family homes: 4007 (4206, 4236, 4242)& E& a2 z8 `7 U1 [
Active listings for condos: 2708 (2914, 2910, 2901)
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. p8 L8 r! V b; S) v: S4 [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.4 G$ Z& w) \* a* d
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For 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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