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August 01, 2008& ~ a& ~: Z/ d s3 a
Weekly Update on the Edmonton Real Estate Market
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4 [: _' ^, E& x( FWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:7 Z, t5 X7 |: _1 Z1 e' y
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New listings: 528 (476, 599, 617)
& m& ]2 ?1 L I. D2 X* w# Sales: 296 (286, 293, 254)
2 W$ [% t, M3 w. a. {Ratio: 56% (60%, 49%, 41%)
3 s7 Z$ ?: _; X5 }+ j' q: c, P$ x% Y# Price changes: 466 (480, 554, 511)
% o- ~1 T; }: ~* M/ J& Q0 u" t# Expired Listings: 608 (162, 270, 261); S3 p8 C3 d& ]
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
! d' e2 F7 H) I, O+ d% INet loss/gain in listings this week: -418 (-35, -29, 47)
" |5 A8 V0 L' `% q1 eActive listings for single family homes: 4007 (4206, 4236, 4242)- Z, ~+ E( N) f. w. h- L) L
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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8 b. n4 y/ E# ?3 C% H0 ^4 NFor 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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