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August 01, 2008: {" r* h4 S* D
Weekly 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:* d( o0 h, m6 z
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New listings: 528 (476, 599, 617)
/ e8 |3 V. Z# t1 o/ z- V# Sales: 296 (286, 293, 254)
3 S+ h' R6 [ aRatio: 56% (60%, 49%, 41%)$ b" T: H4 ^3 d
# Price changes: 466 (480, 554, 511)
. x1 r u$ K* c: a! _1 V5 r! t' i# Expired Listings: 608 (162, 270, 261)5 X/ I6 I! p1 q, X
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
! ~* l+ e2 R6 N9 \/ [+ _5 YNet loss/gain in listings this week: -418 (-35, -29, 47)
% m# A& J7 K/ F7 N3 p; e: [2 rActive listings for single family homes: 4007 (4206, 4236, 4242)$ A& |" x# f7 |1 v& b
Active listings for condos: 2708 (2914, 2910, 2901)
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6 `, `7 R# d" b. e( x: P) EI 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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; C5 x* N" ?6 Q& n- v3 R; GFor 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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