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August 01, 2008/ q0 B# J* P M M9 x5 }
Weekly Update on the Edmonton Real Estate Market, W$ E0 r" f8 T U: P" _5 u7 c. n+ p
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WeeklyupdateHere 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)
3 Q; m% \3 O/ f( k. ^: c# Sales: 296 (286, 293, 254)& j2 M+ V5 g- H# j# g# [; r' \
Ratio: 56% (60%, 49%, 41%)8 B+ m; d4 @7 W+ W' l& f; \" W4 ^) N
# Price changes: 466 (480, 554, 511)& R& c6 l8 v, X+ x
# Expired Listings: 608 (162, 270, 261)1 d ^& g* G7 @" @6 d
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
8 c& R9 M; m) T. n! ]) ^5 rNet loss/gain in listings this week: -418 (-35, -29, 47)8 W% Z1 `& g1 f. n
Active listings for single family homes: 4007 (4206, 4236, 4242)
# p l7 K* f! m/ jActive 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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4 [* X, @2 K& g/ k$ n3 yFor 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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