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August 01, 2008+ T6 y, g- h1 v c6 H
Weekly 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)$ P3 ]* [- l% G. t
# Sales: 296 (286, 293, 254)9 q3 G8 o) J1 n3 Q
Ratio: 56% (60%, 49%, 41%)# ~. S. \4 K' I$ C0 x
# Price changes: 466 (480, 554, 511)# N2 T3 Z& q9 `3 a1 ~
# Expired Listings: 608 (162, 270, 261). j& {; l0 p5 K$ h
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
' h7 d2 b5 R' }+ Y- J4 ENet loss/gain in listings this week: -418 (-35, -29, 47)
- Z' O# K) y/ Z) [0 _; @# y% WActive listings for single family homes: 4007 (4206, 4236, 4242)
- f) k' w" e- W3 v! ]Active listings for condos: 2708 (2914, 2910, 2901)/ Q9 a. W( U- h& F' D
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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.% d1 P7 \! ]( [) r
6 G) V- g# s r k' s' Z2 A7 K2 YFor 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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