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August 01, 2008 f# l+ Z1 a; m G% R8 j. C
Weekly Update on the Edmonton Real Estate Market
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0 c( b2 I& k+ m" X% z% uWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:4 \( L4 t# o+ F* J
# k) p3 m* g# V1 GNew listings: 528 (476, 599, 617)! B1 V1 B7 X( ^1 \& V' N
# Sales: 296 (286, 293, 254)& O# v$ \+ \' T
Ratio: 56% (60%, 49%, 41%)- `0 ? |& n1 Y. r l1 U/ b/ Z z
# Price changes: 466 (480, 554, 511)
0 I9 @' J6 }1 b I4 z. Z# Expired Listings: 608 (162, 270, 261)0 _ i" z d! F2 h- N( l
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)& v) P! E6 x2 Y# P4 P# ?7 @' j% q
Net loss/gain in listings this week: -418 (-35, -29, 47)0 x5 h7 j! B3 j% f: r* }7 _ p
Active listings for single family homes: 4007 (4206, 4236, 4242)" x4 f0 G; `2 g* g$ ?3 g2 _1 l. f
Active listings for condos: 2708 (2914, 2910, 2901)
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; \* W% p4 \* O7 ~1 E% {8 W+ II 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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4 E2 \& J0 `; E# QFor 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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