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August 01, 2008) c2 K2 t- K( M7 `7 w8 N: K3 |, ~* A
Weekly Update on the Edmonton Real Estate Market
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% N4 S: ?7 m DWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:# |6 O( W& `& Y- O
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New listings: 528 (476, 599, 617)
7 ^/ M3 B- A) ?4 G% ] k# Sales: 296 (286, 293, 254)' v, V: N: C& d8 a7 |
Ratio: 56% (60%, 49%, 41%)" d# Q0 H) }9 O3 Y+ F) {2 l
# Price changes: 466 (480, 554, 511)
) d' A$ c* P+ `# Expired Listings: 608 (162, 270, 261)$ F, g: g& b8 U- f& w/ D, I
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
~ H2 _/ F! A! a) h6 dNet loss/gain in listings this week: -418 (-35, -29, 47): K9 k) p* O' s& N, ^* C1 J
Active listings for single family homes: 4007 (4206, 4236, 4242)
* A9 ~+ _' d: b$ dActive listings for condos: 2708 (2914, 2910, 2901)
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- Q; C4 e2 f4 j; ^6 oI 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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