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August 01, 20082 M" F1 `9 V% r
Weekly Update on the Edmonton Real Estate Market4 P7 h/ a+ A6 i6 _
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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: s: w5 e0 r1 n( G: N2 j
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New listings: 528 (476, 599, 617)
) c& D2 v$ V) H# _8 e: B# l0 m# Sales: 296 (286, 293, 254)
Y1 U8 A$ p. RRatio: 56% (60%, 49%, 41%)
) `9 n; ?+ Q$ p3 B( }+ e# Price changes: 466 (480, 554, 511)
- |, c& q* p) g& p& z! {# Expired Listings: 608 (162, 270, 261)6 T* m/ l" j1 [% d3 w# a( T+ h
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)% b3 r% `+ K$ G: Z( c3 }
Net loss/gain in listings this week: -418 (-35, -29, 47)
u! A2 z) G( T7 o4 lActive listings for single family homes: 4007 (4206, 4236, 4242)1 v8 U0 c- {! ^' a7 u* D$ G$ J
Active listings for condos: 2708 (2914, 2910, 2901)6 ?/ V* a1 e# e$ i1 v
1 P* A) Q' {) N0 ^/ V% h; [4 ^1 g$ Z+ VI 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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For 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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