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August 01, 2008" ]0 o1 C; L' U( @) a) {9 ?( w# d) E
Weekly Update on the Edmonton Real Estate Market
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4 P0 K7 \/ {% Y9 i& nWeeklyupdateHere 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)5 ~3 k$ B* M/ G* I+ }
# Sales: 296 (286, 293, 254)) J! a$ D; |' w
Ratio: 56% (60%, 49%, 41%)
( w6 b1 X u2 O( Y! O- p; T/ u# Price changes: 466 (480, 554, 511)
. ?$ h1 R4 [, q3 G0 G3 y& C) L$ @# Expired Listings: 608 (162, 270, 261)
$ i" k0 V: O* b! n8 W3 P6 J1 O# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
3 G$ G7 e! @4 J5 a1 }$ v ]. O; [Net loss/gain in listings this week: -418 (-35, -29, 47)
( d8 L* m# O; b" t% j% `. RActive listings for single family homes: 4007 (4206, 4236, 4242)8 Y( A/ G$ y' |: k4 ^+ `
Active 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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