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August 01, 2008
: Y' b6 L( K) I" I7 x: yWeekly 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:
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New listings: 528 (476, 599, 617)# Z. R; K$ m/ h: d$ N
# Sales: 296 (286, 293, 254)3 |$ y6 g4 N& D4 t& C' C" z( v& `* `
Ratio: 56% (60%, 49%, 41%)
. [0 c; m( E- ^# Price changes: 466 (480, 554, 511)
: V# C$ D4 w7 L) x! R# Expired Listings: 608 (162, 270, 261)
( \+ |4 G! {. t+ C- A g6 }6 @( w# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
% J" q# w9 \9 Z5 m8 vNet loss/gain in listings this week: -418 (-35, -29, 47)
5 t* H' l3 j1 vActive listings for single family homes: 4007 (4206, 4236, 4242)+ H, L" U" K6 F$ _4 o. d
Active listings for condos: 2708 (2914, 2910, 2901)
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, i: L1 V/ r% p1 W7 `6 a& E# sI 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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! {" y1 Y% J0 m. g% XFor 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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