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August 01, 2008
2 X" s, G1 ^5 R$ zWeekly Update on the Edmonton Real Estate Market" h) V" m1 T$ N7 S' W/ Y& E* ?
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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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9 u; K; }/ o+ K! ^( KNew listings: 528 (476, 599, 617); I. U; J: j5 G* ]9 G4 C
# Sales: 296 (286, 293, 254)
: d: f. V) ^& q r: M0 A2 cRatio: 56% (60%, 49%, 41%)
c) E, Z& Y4 [6 v& G# Price changes: 466 (480, 554, 511)
+ `6 c! @3 [$ @; H" ^# Expired Listings: 608 (162, 270, 261)( S2 @. k1 N# c" u! Z2 m
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)6 \) j8 a. A1 H6 k
Net loss/gain in listings this week: -418 (-35, -29, 47)' Q5 ^( g+ _ r, l x
Active listings for single family homes: 4007 (4206, 4236, 4242)
/ q$ q4 Z0 Z! O4 m, JActive listings for condos: 2708 (2914, 2910, 2901)
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2 e& e5 M3 y9 v' e4 D: l% PI 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.* }: e$ G2 O( j# C5 E5 [
( i; v' Z2 ^. g$ mFor 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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