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August 01, 2008# ~% R# Y! W( @$ o# J7 a. ^- H
Weekly Update on the Edmonton Real Estate Market6 O" Q- X' T% b6 `3 e8 M
' t t8 o' u4 j! F& I) P( t$ FWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:. ^; k$ ?( G( }: g
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New listings: 528 (476, 599, 617): |! C$ r# ~5 M$ q
# Sales: 296 (286, 293, 254); ]1 ^+ y# I" P. r" O6 K
Ratio: 56% (60%, 49%, 41%)' I2 p+ k. j; N: O1 o c* h$ o$ x
# Price changes: 466 (480, 554, 511)3 r/ ]. J! R% y! Z+ `
# Expired Listings: 608 (162, 270, 261)
{! E) i7 d% h3 Q; N# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
+ i% U7 f: K5 a) LNet loss/gain in listings this week: -418 (-35, -29, 47)4 s% Z9 p4 V# g2 a6 U
Active listings for single family homes: 4007 (4206, 4236, 4242)5 ?$ l1 [8 w2 e$ Y4 |
Active listings for condos: 2708 (2914, 2910, 2901)# E' i2 k& N1 y9 j: u7 r' U
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I 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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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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