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August 01, 2008
+ I. \+ }& {; {2 R3 Q" V4 PWeekly Update on the Edmonton Real Estate Market/ b& b! Q& I9 Y3 c: N+ m
& T3 N# K3 u2 \. _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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: ~4 d( q5 k" `( o& W+ D5 I9 UNew listings: 528 (476, 599, 617). i# _* d) i- j$ g0 K
# Sales: 296 (286, 293, 254)3 p8 B6 `% B7 a0 u/ h7 @2 t
Ratio: 56% (60%, 49%, 41%); O# p* ~+ L9 y' f% p) C
# Price changes: 466 (480, 554, 511)
3 Y4 C2 u8 e3 G0 e9 A" s# Expired Listings: 608 (162, 270, 261)
2 i" {6 f _9 v( m# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)4 e! ^% C) g# H
Net loss/gain in listings this week: -418 (-35, -29, 47)
4 w7 ~4 U- O6 i5 b o2 NActive listings for single family homes: 4007 (4206, 4236, 4242)
, z5 x; D5 p$ M: k. fActive 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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" m# ^& X+ e, a% tFor 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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