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August 01, 20080 K' j" ]3 D& B0 X- P% C1 ~
Weekly Update on the Edmonton Real Estate Market5 g* @4 J! x( S3 O6 h
% F# D, C0 K; TWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:) U( F8 _1 x5 _+ v" p4 r
: g4 A. |+ W/ O4 K" JNew listings: 528 (476, 599, 617)
( u" V8 I. W, ?: k# Sales: 296 (286, 293, 254)5 L% `0 P1 d0 p- ]7 u1 Q! D
Ratio: 56% (60%, 49%, 41%)! d% e( L" F; Y" d( C
# Price changes: 466 (480, 554, 511)
0 x4 F1 ]! n6 e8 o1 L' H# Expired Listings: 608 (162, 270, 261)4 m/ I, @5 [5 N8 `5 t$ L f
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
$ D8 F0 @4 Z; ], ENet loss/gain in listings this week: -418 (-35, -29, 47)7 E5 f- z) o1 y
Active listings for single family homes: 4007 (4206, 4236, 4242)8 @% H) w6 O8 s$ R2 d
Active listings for condos: 2708 (2914, 2910, 2901)# d0 S7 T$ F' w2 q
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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.% V1 k/ N4 X. D: q9 a7 ]# A
2 |6 l6 j/ o8 K4 }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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