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August 01, 2008- ?' c# Z; I0 |1 k7 K
Weekly Update on the Edmonton Real Estate Market
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% O% s& g; N" o ~8 ^WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:8 k( H" r9 N) z0 f" v
5 q4 ?% @6 j: G, x; s0 }New listings: 528 (476, 599, 617)2 i T C) S/ t0 Y
# Sales: 296 (286, 293, 254)9 ]/ W6 V) R7 w
Ratio: 56% (60%, 49%, 41%); ?4 d& N' s, \. r/ T- @' W8 `
# Price changes: 466 (480, 554, 511)
8 \7 v Q& V' W# Expired Listings: 608 (162, 270, 261)
+ _1 w8 H4 H+ L, r. z6 o* d4 C# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)+ i) n6 ^' o: C" y. c* ?& s
Net loss/gain in listings this week: -418 (-35, -29, 47)
- a, c9 p; [' V9 z+ h% e& EActive listings for single family homes: 4007 (4206, 4236, 4242)% R4 K- r& Z( L* C3 N$ D
Active listings for condos: 2708 (2914, 2910, 2901)! Z1 ]0 A& `$ m' u) Y5 v
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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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, x; u* J# P( b$ RFor 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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