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August 01, 2008
) C2 K- P7 w/ P# ^6 h% vWeekly Update on the Edmonton Real Estate Market. Z( K/ {) \5 x! W
6 T% y* u8 N( ZWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:( H9 c) U( P* S; K" K+ X5 T
2 s6 T8 e5 O `, B7 ?' ~( YNew listings: 528 (476, 599, 617)$ B d6 R2 h2 _8 Y8 T) y
# Sales: 296 (286, 293, 254)( S1 u6 s4 V! g
Ratio: 56% (60%, 49%, 41%)/ @0 W- Z8 |+ {5 @- B0 Y0 m
# Price changes: 466 (480, 554, 511)
# [( E2 O) a/ B( b7 R# Expired Listings: 608 (162, 270, 261)
% h4 h9 W2 [+ Y& o" t$ y# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
3 h6 w* G1 x$ U6 S6 DNet loss/gain in listings this week: -418 (-35, -29, 47)& H% D( S* k2 s" W0 O4 l% D) N
Active listings for single family homes: 4007 (4206, 4236, 4242)
/ f1 _ r, b& p3 h3 jActive listings for condos: 2708 (2914, 2910, 2901)
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5 F" {+ ]6 E1 e, WI 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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