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August 01, 2008
, [# B* L- ~3 O: ]9 QWeekly Update on the Edmonton Real Estate Market u# q+ L2 u+ C2 |: e. P
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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:8 Y* T" I: D- f& x6 q7 Z2 m
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New listings: 528 (476, 599, 617), t! l; e+ S a! A9 _% O/ I
# Sales: 296 (286, 293, 254)) M& H# {9 ~' y6 p
Ratio: 56% (60%, 49%, 41%)' w- f: O% }( N. S! r" X% U
# Price changes: 466 (480, 554, 511)
$ \! c. O1 T$ D3 d' u4 E" ~# Expired Listings: 608 (162, 270, 261)
5 ]7 |8 z# H4 ?5 R% V! _, K# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
/ d9 l% z. ^- `0 c E1 m( l. iNet loss/gain in listings this week: -418 (-35, -29, 47)3 P9 B M' T) p: N5 ?
Active listings for single family homes: 4007 (4206, 4236, 4242)
6 O" d# E+ ?, W/ OActive listings for condos: 2708 (2914, 2910, 2901)
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4 B! k* ~- ~: I* ]% Z3 VI 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 P( n* X! B( ~' m: e5 [6 Z
1 x1 G' s" R" `& R6 Y# m6 H1 vFor 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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