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August 01, 2008
$ P2 f) d: H' \2 E+ I/ Z" L1 u) p. [Weekly Update on the Edmonton Real Estate Market: z/ Y) |/ E/ k7 S+ u
; g- l. d% e8 RWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:' ~1 e, j4 R7 ~7 Y! z; ~
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New listings: 528 (476, 599, 617)
- c3 F3 w2 m' }6 C9 G+ V% a6 B) I# Sales: 296 (286, 293, 254)
4 Y" w( \& o2 S) QRatio: 56% (60%, 49%, 41%)) ^- |$ N5 l/ \6 ?7 t$ {7 u
# Price changes: 466 (480, 554, 511)
$ {- @, k9 n# U# Expired Listings: 608 (162, 270, 261)$ O! @) e6 t. E8 z$ ~+ Z
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
- u' S, K2 x& l2 rNet loss/gain in listings this week: -418 (-35, -29, 47)$ L% b# c# |6 A+ [. k( {/ i# K' A: `
Active listings for single family homes: 4007 (4206, 4236, 4242)+ _8 I* |9 ?$ E3 o8 N
Active listings for condos: 2708 (2914, 2910, 2901)
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/ S1 P G4 T/ KI 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.+ Q2 U5 A c ~7 s4 a# j
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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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