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August 01, 2008
) {& f$ b% F" w4 V5 ]* q& QWeekly Update on the Edmonton Real Estate Market: L- f l. n9 o$ _7 {) A( T7 J
& ?7 U$ d1 O* H4 o5 U' i) K9 [% jWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:' v- x4 E, h! x3 n# i5 B
7 w8 ]! {( W6 o. r( tNew listings: 528 (476, 599, 617)
# E: T% k) V+ ~/ o# Sales: 296 (286, 293, 254)
7 _0 M" f u3 vRatio: 56% (60%, 49%, 41%)
; a: {, {+ h) ]0 s. y! g# Price changes: 466 (480, 554, 511)# Q$ R% Z' b7 O# i! M) c
# Expired Listings: 608 (162, 270, 261)
& z0 C i _1 i% i; }# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
" c/ J9 {$ X$ D" K; t; ~3 q+ a6 LNet loss/gain in listings this week: -418 (-35, -29, 47)0 g% c g7 b% |* K
Active listings for single family homes: 4007 (4206, 4236, 4242)$ i6 V+ b. F. v
Active listings for condos: 2708 (2914, 2910, 2901)
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* i& w, i: F8 ? ^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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* \1 C) q* ?/ s _+ h4 [& v0 kFor 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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