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August 01, 2008
9 H* D4 E1 D2 ]- E f6 F \* eWeekly Update on the Edmonton Real Estate Market
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WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:: d7 V6 E; Z) n5 T
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New listings: 528 (476, 599, 617)5 y/ U2 p/ r! m6 D1 S! l
# Sales: 296 (286, 293, 254)
( N2 \$ Y% u8 V' ^# f! f: N' sRatio: 56% (60%, 49%, 41%)
9 E. c/ w7 j! r# Price changes: 466 (480, 554, 511)
4 p' q8 q2 U& C: G! M+ m' H# Expired Listings: 608 (162, 270, 261)
4 \0 k M( g* I0 ~, C0 M# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
9 _9 ^( @" c- {Net loss/gain in listings this week: -418 (-35, -29, 47)7 S* O' a2 b8 G: X l
Active listings for single family homes: 4007 (4206, 4236, 4242)( N9 `( ]& K3 Y6 z" ~
Active listings for condos: 2708 (2914, 2910, 2901)" I( O- [- M; |4 e
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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.0 N1 f1 s" p/ h. J6 v
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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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