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August 01, 2008
* t; V7 o, r/ s( x; pWeekly Update on the Edmonton Real Estate Market1 E! N7 D& ~; r* y1 O6 n |3 R
' Z" ]( R: k2 k2 u9 J) }9 F m6 RWeeklyupdateHere 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)
' x2 q O; `3 k0 P( u& ^7 ]/ H( W# Sales: 296 (286, 293, 254)) k2 b1 m# T( b
Ratio: 56% (60%, 49%, 41%)
m% C2 b' y8 h$ {9 [- m' L# Price changes: 466 (480, 554, 511)
0 h1 z" H+ Z& Y' T* S9 E! d# Expired Listings: 608 (162, 270, 261)6 m1 f! @3 G- U4 |- }6 X
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
' I+ a6 c" U/ U; C6 PNet loss/gain in listings this week: -418 (-35, -29, 47)
6 \! o$ f- v* h5 t$ \Active listings for single family homes: 4007 (4206, 4236, 4242)
0 @# u$ h; z, e( H- W6 OActive 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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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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