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August 01, 2008
5 b* {1 c' X/ R' G0 qWeekly 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)
! O$ \+ F5 \/ A# Sales: 296 (286, 293, 254)# }, D* w* l6 ]
Ratio: 56% (60%, 49%, 41%)
: b- a% f* g' n9 k. |; `( {# Price changes: 466 (480, 554, 511)
' ?5 }, B$ H1 ^. N# Expired Listings: 608 (162, 270, 261)
& W+ x5 O; b% Z; r* p6 A ?: x# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
# b2 _) l" z& T) HNet loss/gain in listings this week: -418 (-35, -29, 47)0 D- N1 [, f) z, g
Active listings for single family homes: 4007 (4206, 4236, 4242)
% t0 }1 U q( `1 AActive listings for condos: 2708 (2914, 2910, 2901)
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0 o* M. i1 A. t5 P7 g) [5 J2 MI 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.6 N1 k& f4 o' l8 X
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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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