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August 01, 2008
t3 R- c# D' F, J+ {, _$ PWeekly Update on the Edmonton Real Estate Market
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" N! I; R# S& g d. W1 D& C! NWeeklyupdateHere 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)6 N) G. |: O) N7 g' [* E$ K1 @2 P
# Sales: 296 (286, 293, 254)
! ^# j2 i' y2 p- z, k. d1 S; [' l1 V4 VRatio: 56% (60%, 49%, 41%)
9 [/ D- V4 S; |5 M3 ~6 s# Price changes: 466 (480, 554, 511)
3 k+ b4 g1 ^8 Z" G# Expired Listings: 608 (162, 270, 261)
- ^2 ]) _0 k4 n8 {# [1 B& u/ ~# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)) L! L* I2 T4 @' J: k
Net loss/gain in listings this week: -418 (-35, -29, 47)5 w0 w ^3 l* s. ^! t
Active listings for single family homes: 4007 (4206, 4236, 4242)$ e) `7 Z. J& Q+ L$ P, V [. P
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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3 `3 ?: k7 X/ ^& L; q# f& ^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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