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August 01, 2008! O( w5 M8 c n5 ?4 O
Weekly 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:# \& H, _/ O% Q/ }8 _* t: x
' C- F5 S3 J6 ^: q7 @New listings: 528 (476, 599, 617)
1 V8 D% v4 H6 i$ p4 Q# Sales: 296 (286, 293, 254)/ a, U0 q8 s+ s+ ^ Z# c) @0 N
Ratio: 56% (60%, 49%, 41%)3 {/ r$ B6 h2 F* v
# Price changes: 466 (480, 554, 511)( B b+ R. v$ I6 Z. Z
# Expired Listings: 608 (162, 270, 261)
2 M4 K7 L) m6 l) r1 L# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)6 ]$ g! V0 ]! H
Net loss/gain in listings this week: -418 (-35, -29, 47)! ~! E7 }9 E& q
Active listings for single family homes: 4007 (4206, 4236, 4242)& c0 {% d# E: \! ^ x
Active listings for condos: 2708 (2914, 2910, 2901)
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: g2 w1 F. G( v6 e g# R$ F$ J JI 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.' h, E' P/ s2 z6 T) 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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