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August 01, 20088 a: z6 m) k; t. T! W
Weekly Update on the Edmonton Real Estate Market
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0 P! @0 P5 T( r6 P: D5 TWeeklyupdateHere 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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" T# T5 W+ N \7 zNew listings: 528 (476, 599, 617)6 W) F Y: D) K* O- Q/ m$ m, t) w
# Sales: 296 (286, 293, 254)
0 D, U! L. x, v# `Ratio: 56% (60%, 49%, 41%); n" g0 m* j' F9 V ~% ~, ^
# Price changes: 466 (480, 554, 511)
2 K5 ^8 R- U8 L6 u# B/ {% z) r# Expired Listings: 608 (162, 270, 261)
4 t9 T5 I2 W; f" i: [: s0 f- P& X- ^# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
: l" O- `+ Y- z- oNet loss/gain in listings this week: -418 (-35, -29, 47); X. A0 G7 c7 [ @5 C
Active listings for single family homes: 4007 (4206, 4236, 4242)' o; Q- V" n# {/ ]; v; {( }
Active listings for condos: 2708 (2914, 2910, 2901): @% p i& a8 ~7 h M
9 k/ D1 V) V+ Y9 V) w; R" zI 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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u2 [$ {& K1 dFor 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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