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August 01, 2008
q( `& t4 U8 ?- DWeekly Update on the Edmonton Real Estate Market
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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:
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New listings: 528 (476, 599, 617)( H/ K1 D4 e d( D( @6 f8 i
# Sales: 296 (286, 293, 254)3 U" A( B- v0 R+ J$ ?$ Z% l
Ratio: 56% (60%, 49%, 41%)" u+ q8 f% M( @8 l1 p3 U% Y5 l/ Z
# Price changes: 466 (480, 554, 511)
& U3 J# r) a: j7 y# Expired Listings: 608 (162, 270, 261)
4 a% y) @6 h% S' t$ _, o# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)$ X4 E" s# }8 O: [
Net loss/gain in listings this week: -418 (-35, -29, 47)/ T; f8 N0 k7 u7 @
Active listings for single family homes: 4007 (4206, 4236, 4242)
: W1 y: b3 X/ @- a* D' @ u$ LActive listings for condos: 2708 (2914, 2910, 2901)1 |0 |: H3 B+ }" R. A) Q1 J! ?
% s% ^( K" i6 ^, }, ZI 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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# @4 B: s" ]' P( U. d* 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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