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August 01, 2008
- O) t4 a2 u4 n7 j7 KWeekly Update on the Edmonton Real Estate Market G8 ~8 h) q" l2 Y) l# A) N
6 o2 q3 Y, ~( ^7 NWeeklyupdateHere 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)
, e1 C0 c, a+ ?9 ?2 \& R( d# Sales: 296 (286, 293, 254)) ~% O1 h7 B: }1 W% h6 i4 F4 K
Ratio: 56% (60%, 49%, 41%)$ V* T5 X* {* d" a5 E8 B) N
# Price changes: 466 (480, 554, 511)! U3 D+ Q" m; [; P) _" o
# Expired Listings: 608 (162, 270, 261)- ]1 E" r0 {1 S1 [/ `* B. U
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
0 X/ [: i' ]; x# z; iNet loss/gain in listings this week: -418 (-35, -29, 47)
$ c6 N1 b, [* b# L! V6 f% G! LActive listings for single family homes: 4007 (4206, 4236, 4242)
" s7 b4 p' {/ S" wActive 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.! G" S( O0 q) b) O
7 o5 U+ u+ ?+ _- n) nFor 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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