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August 01, 2008
6 O# Z' |$ b" T9 A6 q% I2 {: q9 xWeekly Update on the Edmonton Real Estate Market( s% b( J5 s* X) w1 J: i- Z! @
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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:) l5 l6 t# [8 C6 E; J' n) C
; p* B9 T% \) o9 E6 eNew listings: 528 (476, 599, 617)
: w6 f& q4 l: ?, M# Sales: 296 (286, 293, 254)
0 M! I: ~9 w! E0 L- q/ C: e' t. X9 sRatio: 56% (60%, 49%, 41%), ]1 ~' G8 s. Y! B- v8 c
# Price changes: 466 (480, 554, 511)4 O% `2 e( V- t _0 U
# Expired Listings: 608 (162, 270, 261)
" t1 A* n9 f& G' a2 ^2 _# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
: M- z) ]3 K! M6 [' s% ~Net loss/gain in listings this week: -418 (-35, -29, 47)
L' s% C/ u( M& j; ]Active listings for single family homes: 4007 (4206, 4236, 4242)
9 A5 O0 S2 i. S9 P) q( r% g7 \Active listings for condos: 2708 (2914, 2910, 2901)4 R5 f; d1 f+ c) o* j. E# q( b
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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.- \( w3 h2 P4 w7 M0 K
8 [1 R& t8 w1 x( a6 ~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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