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August 01, 2008
. P' F& E( m/ A3 b3 N# O6 eWeekly Update on the Edmonton Real Estate Market
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0 [2 u& c9 E6 w- g n- _% h8 z3 }WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:- ?5 u* m7 W- l+ L v
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New listings: 528 (476, 599, 617)
+ ?6 g R& Z$ \4 f5 a# Sales: 296 (286, 293, 254); T8 I1 y4 ~; L1 U
Ratio: 56% (60%, 49%, 41%), V( o1 d- w! A+ } |2 e
# Price changes: 466 (480, 554, 511)
0 q) ]9 z- x8 r" y) c# Expired Listings: 608 (162, 270, 261)
% v. X1 f. A- h& E) H7 k+ x; F" }# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)' ^3 ^" t2 L5 y
Net loss/gain in listings this week: -418 (-35, -29, 47)
) }0 k! p: n( I b: TActive listings for single family homes: 4007 (4206, 4236, 4242)
4 J' R u) a* r5 jActive listings for condos: 2708 (2914, 2910, 2901)
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4 A: ?9 I4 ^% nI 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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4 Q! Q$ ] }3 Q) i$ s" p- c# K9 CFor 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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