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August 01, 2008
" g9 N) P5 ~% g% \3 FWeekly Update on the Edmonton Real Estate Market
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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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* X, v5 d; A% |; r9 G) Z' K3 gNew listings: 528 (476, 599, 617)
/ Y. v v+ Q: g4 u) L& j# v" W7 f# Sales: 296 (286, 293, 254)
- n+ i# G$ ^- h. X" j ORatio: 56% (60%, 49%, 41%)& G0 E& t: j' D: K0 [4 o- @6 o
# Price changes: 466 (480, 554, 511)
0 {# p; F8 G" O# Expired Listings: 608 (162, 270, 261)
- B# T% H/ |% M% t# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)$ a2 M! f% S6 t% F5 A! U6 H' ^
Net loss/gain in listings this week: -418 (-35, -29, 47)
. H' d) Q( t3 x2 ]$ d: [Active listings for single family homes: 4007 (4206, 4236, 4242)
! ^. P( Z/ {% v JActive listings for condos: 2708 (2914, 2910, 2901)
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" C8 d7 F' t6 \( k4 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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