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August 01, 2008/ Z% J8 H/ b! ?2 Y8 Z* z8 x; F) u& n' }
Weekly Update on the Edmonton Real Estate Market2 u) c3 H9 l- C: g% B
) B- k5 c. ^- p- l! b( PWeeklyupdateHere 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)3 l8 q1 S2 E3 F4 h- w
# Sales: 296 (286, 293, 254)
/ V U; h) p/ NRatio: 56% (60%, 49%, 41%)
7 z8 Q9 c( I- x; z. K9 Y# Price changes: 466 (480, 554, 511)
" d# U. U( f% z1 l' @" F- `# Expired Listings: 608 (162, 270, 261)8 B; G+ x5 }# m2 r ]) ^
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
, @; H, d7 I& g. I0 ?& {. l+ d6 ~Net loss/gain in listings this week: -418 (-35, -29, 47)
4 B3 F# V: r* X B- L I5 W1 E; g6 WActive listings for single family homes: 4007 (4206, 4236, 4242)) y5 }5 t' z+ e5 C
Active 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.- [5 n* ~! e( H6 [ z' U
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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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