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August 01, 2008) ^5 n- n7 j8 p9 x
Weekly Update on the Edmonton Real Estate Market
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9 [1 C( h; U. l1 G4 S) `WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:2 g+ j% A) B1 V; D5 A' g
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New listings: 528 (476, 599, 617)
; ]0 ^( G$ k, v# Sales: 296 (286, 293, 254)
6 J8 [) ~4 t0 d9 u3 L% ~3 t( zRatio: 56% (60%, 49%, 41%)5 }0 {- A( j" P6 S
# Price changes: 466 (480, 554, 511)
/ @! D0 A( ~- r4 z# Expired Listings: 608 (162, 270, 261)
2 @+ d0 r& t1 Y5 Y9 z# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
6 N; v; ?1 h) `# vNet loss/gain in listings this week: -418 (-35, -29, 47)
~" U; j5 ^: V) UActive listings for single family homes: 4007 (4206, 4236, 4242)# X8 N" X, E; X6 L; _* x* s
Active listings for condos: 2708 (2914, 2910, 2901), `& ?4 m3 ^/ Y m
6 l8 s7 @; S1 X& @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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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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