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August 01, 2008
4 w: `5 L; ^* c+ Y4 T) LWeekly 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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New listings: 528 (476, 599, 617)4 s8 H" L Z) `5 s" ^; ~$ O- ^) @
# Sales: 296 (286, 293, 254)
: k; E1 p% K+ Y- g1 Y' CRatio: 56% (60%, 49%, 41%)
6 m: d6 |2 Y- d# Price changes: 466 (480, 554, 511)- B, h4 c( D4 L* A' N. V7 ]- ~
# Expired Listings: 608 (162, 270, 261)7 T% P7 C2 m7 H. u5 A
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
/ ~- s) _2 K5 _) j. n8 j% j. FNet loss/gain in listings this week: -418 (-35, -29, 47)
# ?4 K4 y- d7 F( FActive listings for single family homes: 4007 (4206, 4236, 4242)
3 d& h; `3 Q2 l, O8 u8 rActive listings for condos: 2708 (2914, 2910, 2901)
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8 L% f5 u. s% GI 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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