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August 01, 2008
$ X0 g7 Z$ d' A" l, [2 D' }0 X, @ q8 bWeekly Update on the Edmonton Real Estate Market! d2 @- r. a! W3 I L& Z
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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:. ^) _" ?6 T8 h+ ` q* u& G
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New listings: 528 (476, 599, 617)
; P! }' p+ V [( V; d0 M# Sales: 296 (286, 293, 254)
2 f- `$ E/ R9 [; F8 eRatio: 56% (60%, 49%, 41%)5 w3 Z7 e9 i2 z/ g( G' f
# Price changes: 466 (480, 554, 511)
9 [ |& c" G9 w+ V# Expired Listings: 608 (162, 270, 261)4 ]) {% `& o% Y, x9 T" y [
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
% _$ J% j1 ?+ S' `$ n( z$ NNet loss/gain in listings this week: -418 (-35, -29, 47)4 \$ O4 l7 }' `0 e, g l$ e
Active listings for single family homes: 4007 (4206, 4236, 4242)2 E' I. H& k3 H8 K3 A9 ^9 _' f# i& x
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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