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August 01, 2008! E* W1 c: o5 q0 n5 i
Weekly Update on the Edmonton Real Estate Market
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7 t! ^, f. A$ |- {$ J7 \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)0 _- ~3 D9 Z: Q6 K* `6 W% w r
# Sales: 296 (286, 293, 254)6 M0 d# [0 D: o3 U
Ratio: 56% (60%, 49%, 41%): A8 n3 {' k0 j, I6 G$ R
# Price changes: 466 (480, 554, 511)5 `5 E- J' p7 Y X2 d
# Expired Listings: 608 (162, 270, 261)
) |) V# W1 h$ K. y9 Z# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
; I. }* f- o0 m& CNet loss/gain in listings this week: -418 (-35, -29, 47)
J: I* |# F! R2 T/ pActive listings for single family homes: 4007 (4206, 4236, 4242): E6 x) O. C' I. U
Active listings for condos: 2708 (2914, 2910, 2901)* F1 h4 E7 ]. q$ G1 F. {- \. p
/ X9 X1 v/ F% S5 A- @) jI 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.- V w- Z" d6 ~* }: \) o
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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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