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August 01, 2008
! m: ~* Q/ h" F5 _Weekly 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:! ]0 b1 ]4 W) _. o/ E$ ~. B8 h$ ]# f, t
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New listings: 528 (476, 599, 617)
& e- L! G2 ~- b- p# Sales: 296 (286, 293, 254)
0 K: H7 v y @" |Ratio: 56% (60%, 49%, 41%): \ B7 ~1 H7 g6 _' |% ?; l5 P
# Price changes: 466 (480, 554, 511)
0 @; _) Y! g: B+ ^# Expired Listings: 608 (162, 270, 261)5 ]7 b. t/ X- z, |$ r
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
2 J( o A+ a& [2 k3 u A. xNet loss/gain in listings this week: -418 (-35, -29, 47). V& J8 G0 y+ t
Active listings for single family homes: 4007 (4206, 4236, 4242)2 P" _! S2 v4 h5 L
Active listings for condos: 2708 (2914, 2910, 2901)4 g+ e: f, W7 H* C8 M! h0 g: \0 q
1 \9 }6 J2 J0 e6 |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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