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August 01, 2008
4 m* b' G( d3 ]$ K1 m! AWeekly Update on the Edmonton Real Estate Market5 {0 i b8 U9 `: _! L/ \5 p* f
1 n! m4 {/ z6 ~* _4 Q, {, QWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:5 E6 V |3 F( J+ _' B
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New listings: 528 (476, 599, 617)5 g* c) r. ^* d3 l
# Sales: 296 (286, 293, 254)3 D* n+ o3 |& A6 l+ ^' P: s' {& D
Ratio: 56% (60%, 49%, 41%)
& k/ u. a! b* n$ Y! c( u# Price changes: 466 (480, 554, 511)
! A3 S0 M0 Q7 a0 U# Expired Listings: 608 (162, 270, 261)& R0 _1 a9 O* H& \4 y
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)3 B3 e2 Y( p+ ]- D
Net loss/gain in listings this week: -418 (-35, -29, 47)/ {+ a6 W4 G. G1 x. x* ~
Active listings for single family homes: 4007 (4206, 4236, 4242)4 o6 q$ M/ m1 }5 u) d/ L
Active listings for condos: 2708 (2914, 2910, 2901): R9 s8 u4 K# I7 i7 H) g; b
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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.6 a$ m1 r% X7 z
( g. g2 N7 X; ~; V3 hFor 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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