Posts by nathan:
Weekly Update on the Edmonton Real Estate Market
September 19th, 2008
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 486 (616, 542, 450)
# Sales: 243 (300, 258, 228)
Ratio: 50% (49%, 48%, 51%)
# Price changes: 434 (478, 405, 461)
# Expired Listings: 298 (225, 692, 162)
# Canceled/withdrawn/terminated listings: 52 (60, 44, 47)
Net loss/gain in listings this week: -107 (31, -452, 13)
Active listings for single family homes: 3683 (3738, 3730, 3972)
Active listings for condos: 2454 (2503, 2466, 2661)
Sales to new listings ratio seems to be maintaining a steady course this week. One point I noticed was that this week there were a larger number of mid-month expired listings than there has been in six months. Maybe the fall back to school season is playing into that though.. The floor is open to comments!..
Weekly Update on the Edmonton Real Estate Market
September 5th, 2008Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 542 (450, 516, 523)
# Sales: 258 (228, 276, 310)
Ratio: 48% (51%, 53%, 59%)
# Price changes: 405 (461, 469, 519)
# Expired Listings: 692 (162, 269, 219)
# Canceled/withdrawn/terminated listings: 44 (47, 54, 77)
Net loss/gain in listings this week: -452 (13, -83, -83)
Active listings for single family homes: 3730 (3972, 3986, 4003)
Active listings for condos: 2466 (2661, 2643, 2671)
With the past 7 days encompassing the end of August and the beginning of September, there have been a significant of number of listings expire. This contributed to the largest decrease in Net Listings (ie. Inventory) since the end of June. It is interesting to note that sales reversed the trend from last week and had a modest increase of 30.
If this weeks post seems to be lacking the usual colour and sparkle it’s because my photoshop skills are still a far cry from Sara’s. So unfortunately we will be left to use our visualization skills (me included!) and digest the stats without the help of the graphs for the next couple of weeks.
