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August 01, 2008
9 ]' M- c/ M' m B9 N6 bWeekly Update on the Edmonton Real Estate Market
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, F& d; o# o& j4 v4 T6 v% D& JWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:2 a! p+ W4 I1 z5 @( T1 X: [
# V+ d& \! z) I7 Q2 w% X$ NNew listings: 528 (476, 599, 617)) a. `* k. h0 j: X1 b
# Sales: 296 (286, 293, 254); P4 F9 J) h% {/ ?' E
Ratio: 56% (60%, 49%, 41%)2 a+ p; w2 I& u ]5 _
# Price changes: 466 (480, 554, 511)
$ b9 ~; I( J* O1 A. q' A) w* U# Expired Listings: 608 (162, 270, 261)2 u& j t. Z. k& e
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
: t- f! U0 T/ FNet loss/gain in listings this week: -418 (-35, -29, 47)' u# R x( B m. _+ `: f7 l3 J! g. F
Active listings for single family homes: 4007 (4206, 4236, 4242)
Z" L2 L2 R! U; W g: aActive listings for condos: 2708 (2914, 2910, 2901)) M5 m% f4 T2 a3 C% V$ G
+ ~( c* d V( xI 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.: I, i7 s# ~# ~8 A; V5 x9 r
6 P! P: ^8 }! J6 k4 ?1 P1 w" JFor 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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