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August 01, 2008
% ?$ q3 B; H _& _Weekly Update on the Edmonton Real Estate Market
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$ f/ h7 E/ H: J4 D( y4 {# b1 qWeeklyupdateHere 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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% X6 [5 x! M7 I. A- x' LNew listings: 528 (476, 599, 617)
! T/ F) ]; M4 S d# Sales: 296 (286, 293, 254), D* j9 V. {# R
Ratio: 56% (60%, 49%, 41%)( U. S9 b" G0 m* y5 D$ S
# Price changes: 466 (480, 554, 511)
" b; y6 e7 n* m' I5 i |( O# Expired Listings: 608 (162, 270, 261)
2 n* t! {0 z" P) r" \" w' M1 P# f# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
3 S1 t0 f: t4 f: ~Net loss/gain in listings this week: -418 (-35, -29, 47)& t9 B7 M9 B+ W' e* c
Active listings for single family homes: 4007 (4206, 4236, 4242): b- E. v+ n+ X- Z
Active listings for condos: 2708 (2914, 2910, 2901)
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9 X, y+ ~9 d5 h# r& AI 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.' z! _7 a9 v0 i) E4 j" D f
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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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