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August 01, 2008" n' S2 ~4 ^+ \1 q, P; ^; _
Weekly 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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8 j* i, m4 U/ o8 gNew listings: 528 (476, 599, 617)
8 [1 u: {7 A! T. y* e( J+ @# Sales: 296 (286, 293, 254)
5 b/ @% z$ [; [0 S+ ~Ratio: 56% (60%, 49%, 41%)% e7 `3 _$ h/ W0 L& s p
# Price changes: 466 (480, 554, 511)
% |1 T4 Y6 O$ K# Expired Listings: 608 (162, 270, 261)
0 U) G' u; v* H0 R2 ?# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
7 n+ A5 i& m2 ^3 [! o# t6 zNet loss/gain in listings this week: -418 (-35, -29, 47)
9 m4 W: v: q$ u& DActive listings for single family homes: 4007 (4206, 4236, 4242)5 _1 S5 _2 L. F3 _9 K; l. g9 B$ H
Active listings for condos: 2708 (2914, 2910, 2901)
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7 k2 r: U4 T7 M4 uI 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.& c4 G5 I, v# h* _5 u
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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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