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August 01, 2008
& m1 ~& i7 H3 s* I& GWeekly Update on the Edmonton Real Estate Market6 S7 a' E6 y# H" ?; E1 \
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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:7 I& [7 C+ a* z6 e
4 L+ N. e( W% m; f J# k8 KNew listings: 528 (476, 599, 617)# i5 m! R- w& ^$ C- A+ x% B8 }
# Sales: 296 (286, 293, 254)" O( l; T2 t7 m2 t' [! T
Ratio: 56% (60%, 49%, 41%)# p" ]/ @0 l7 f6 V9 L) R
# Price changes: 466 (480, 554, 511): L0 u+ R6 u) H1 i1 r
# Expired Listings: 608 (162, 270, 261)
( |4 D1 V# t- s5 b! O/ E9 S% D5 b# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
; ~! ?8 A! S, J" t2 ANet loss/gain in listings this week: -418 (-35, -29, 47)
0 j% ?2 e/ x4 @5 rActive listings for single family homes: 4007 (4206, 4236, 4242)
: t& Q% a2 ]; w7 Y4 V4 YActive listings for condos: 2708 (2914, 2910, 2901)( ?$ \: `; T& c9 `, E; X4 T
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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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3 F- a Q0 E+ B3 e4 B0 r/ iFor 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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