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August 01, 2008
9 F+ h+ ?. i/ Q/ l( }Weekly Update on the Edmonton Real Estate Market
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$ S4 L& C2 c# o$ [/ N9 ~WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:1 a5 C8 V3 a; A, ^) `6 }
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New listings: 528 (476, 599, 617)$ a% G' W) ?5 w) P
# Sales: 296 (286, 293, 254)5 T( \4 G! k5 ?- {9 A
Ratio: 56% (60%, 49%, 41%)
( E8 Y2 ?9 A2 |6 d( l. p5 C) R9 R# Price changes: 466 (480, 554, 511)
7 Y) Z- Y- k% I, ]! Y, ~7 q# Expired Listings: 608 (162, 270, 261), M9 _ s" z0 x( M; i
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
6 d' q. }- [8 s8 r; pNet loss/gain in listings this week: -418 (-35, -29, 47)2 G) ^. ~/ ^1 p; D4 Q b* v+ z
Active listings for single family homes: 4007 (4206, 4236, 4242)
. r' n( u6 S1 \; C# D7 ^" AActive 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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