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August 01, 2008
) ~3 _4 A2 K" I2 |9 ]# g7 \Weekly Update on the Edmonton Real Estate Market
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7 o# Q3 Y0 M: l# {& V; t9 u! XWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:- n9 m+ d: c) a
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New listings: 528 (476, 599, 617)
2 z) V; w8 P* n2 Q- K0 T( _8 I# Sales: 296 (286, 293, 254)3 M3 e% O, v2 C0 o1 _/ _
Ratio: 56% (60%, 49%, 41%)
) m9 @7 U. _, A" E% R; U" Z" d- a# Price changes: 466 (480, 554, 511) R: [- B9 D0 x+ @
# Expired Listings: 608 (162, 270, 261)/ x4 z2 U$ q. l
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55), B: U/ @1 j3 { O) O
Net loss/gain in listings this week: -418 (-35, -29, 47)4 v* z4 D# w; F
Active listings for single family homes: 4007 (4206, 4236, 4242). q" d" C0 S/ r6 N( w6 g
Active listings for condos: 2708 (2914, 2910, 2901)
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: R7 M; Y5 q! W+ ~. [' U0 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.
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% w$ @( {7 g5 @* ^- eFor 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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