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August 01, 20080 V( w2 z. u9 E& s" j% J# f3 g
Weekly Update on the Edmonton Real Estate Market& P2 `, X3 v, o: X) a; W
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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:5 x- K+ [( J5 _8 E# u; s' }
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New listings: 528 (476, 599, 617)+ d! g: {. u6 K l L5 B9 A" R1 C
# Sales: 296 (286, 293, 254)
; |) T" b! m: K4 p0 A4 x, URatio: 56% (60%, 49%, 41%); x b9 A/ Z% V; `% g5 s; i
# Price changes: 466 (480, 554, 511)' A) z/ ~) d; ?0 ~
# Expired Listings: 608 (162, 270, 261)
& a+ O* Z- A% l# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
; N! C0 n) @" ], c: H* YNet loss/gain in listings this week: -418 (-35, -29, 47)! ]" r( r4 I9 a+ n6 C+ _0 X
Active listings for single family homes: 4007 (4206, 4236, 4242)8 r7 A- p6 ?6 m& D W+ U
Active listings for condos: 2708 (2914, 2910, 2901)* u9 C3 ^/ F( x- X5 Y
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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.9 d5 J2 W6 B. u, t8 L" z
( s) a* q/ m& @ O; Z( aFor 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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