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August 01, 2008
' c/ g2 s: ?2 r; [Weekly Update on the Edmonton Real Estate Market
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. P" |$ u; d3 zWeeklyupdateHere 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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% `! Z" j: v; w. E; _$ j- @" ?New listings: 528 (476, 599, 617). S. H$ N5 k5 E6 A" A) T3 u
# Sales: 296 (286, 293, 254)
, z. G& t2 `; lRatio: 56% (60%, 49%, 41%)4 m) s1 W% O0 g3 Q! l
# Price changes: 466 (480, 554, 511)4 H. ^+ ~) ?( T# F9 P
# Expired Listings: 608 (162, 270, 261)1 ~& h2 |6 u" L* Z' U z
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)' h- n7 @% t; p" a, G2 \' i& o
Net loss/gain in listings this week: -418 (-35, -29, 47)4 G2 |! f4 V8 ^* D# x$ x
Active listings for single family homes: 4007 (4206, 4236, 4242)& `5 `/ @0 @+ r% {5 m& L' [9 A
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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* u) O ]% L' t; ~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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