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August 01, 2008# k$ X& E9 [1 D; M3 L
Weekly Update on the Edmonton Real Estate Market
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3 _# {& R ]! G+ f! sWeeklyupdateHere 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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New listings: 528 (476, 599, 617)
( e* h; F, l9 s3 q/ b3 L; n( @# Sales: 296 (286, 293, 254)
7 p6 o& U+ U( _" q. `/ R# \Ratio: 56% (60%, 49%, 41%)" `! G) s! M. {% q
# Price changes: 466 (480, 554, 511)6 ?, b& C9 |% L5 s( l! [
# Expired Listings: 608 (162, 270, 261): ~# @8 K4 g0 ^% u( D
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
8 g/ o+ z: [! P- ?' mNet loss/gain in listings this week: -418 (-35, -29, 47)
+ Q7 q$ n$ r) I1 u. d2 j* P% bActive listings for single family homes: 4007 (4206, 4236, 4242)
' B( Y. f, s# K" _% X) u; cActive listings for condos: 2708 (2914, 2910, 2901)
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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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9 }0 X, o5 z$ ]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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