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August 01, 2008
" x1 M4 ~0 j) t- pWeekly Update on the Edmonton Real Estate Market
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2 |( R3 s6 `) c7 q* VWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:4 ^3 Y5 ~9 k5 f& A* b; c' p
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New listings: 528 (476, 599, 617), o7 G. ?* g: S! G1 G. n
# Sales: 296 (286, 293, 254)
# D5 u2 H# J" r' zRatio: 56% (60%, 49%, 41%)3 c9 I7 E. h$ h$ T$ @) K2 ^' X
# Price changes: 466 (480, 554, 511)" W- C* p0 l. ?2 K# x
# Expired Listings: 608 (162, 270, 261)) L$ ~8 X; }5 p4 m0 k# c
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)9 ?- f5 t4 U p4 k8 ]
Net loss/gain in listings this week: -418 (-35, -29, 47)2 p; b; W7 U: \$ ?" n% R1 O
Active listings for single family homes: 4007 (4206, 4236, 4242)
- S) D8 g0 t3 |Active listings for condos: 2708 (2914, 2910, 2901)
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! I- H( |. O: G! P' z! bI 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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! X/ O( [$ x) Z* K% 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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