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August 01, 2008+ I2 z* ^: \1 L* l; Z! g
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)
( u/ Y6 f& f1 M& x/ [, Y4 ]# Sales: 296 (286, 293, 254)
/ A! Q5 i- C- mRatio: 56% (60%, 49%, 41%)! t( @- _) T$ D* h9 X; k; e2 @% H
# Price changes: 466 (480, 554, 511)
y" }* Q+ K/ G# Expired Listings: 608 (162, 270, 261)! }2 d/ R# f% C( x
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
2 A0 ~6 j; o9 D/ b B R4 WNet loss/gain in listings this week: -418 (-35, -29, 47). Y. @9 j- x4 z) \5 s) \
Active listings for single family homes: 4007 (4206, 4236, 4242)# a. i. U$ X& U3 D: k5 }8 w; s' _ A
Active 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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F# ~6 O S" ?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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