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August 01, 20085 L8 n# w. t5 U7 C. G7 u
Weekly Update on the Edmonton Real Estate Market
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2 t- _5 m8 i& S5 w- ]" x3 uWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:0 }* V1 x. q6 Z
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New listings: 528 (476, 599, 617)
. k3 Z& _; [+ C6 [% i# Sales: 296 (286, 293, 254)! e c9 L) ?8 F. G
Ratio: 56% (60%, 49%, 41%)9 V7 r, _" e1 k. \* x
# Price changes: 466 (480, 554, 511)2 g2 P2 ?) L; s) w/ g
# Expired Listings: 608 (162, 270, 261)& D' ?# i g( E' U5 y
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
8 {5 U5 m# s7 w1 J6 BNet loss/gain in listings this week: -418 (-35, -29, 47)
: ?& Z; K% H1 v1 u4 GActive listings for single family homes: 4007 (4206, 4236, 4242)) }6 K( b1 r, ?1 C% ]) U
Active listings for condos: 2708 (2914, 2910, 2901)
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@/ e; @: S- S3 M: g! \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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