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Weekly Update on the Edmonton Real Estate Market% z5 [5 A* U$ H- s
Here is our weekly update on the Edmonton real estate market. (Last week's numbers are in brackets, and the week before after that). For the past 7 days: x: |2 Z$ S' J# m) D' F0 P4 \3 `
% P2 n6 x. i' G& {) [+ i# New listings: 648 (599, 632)+ e5 Y; [3 F- L- t* O( N7 o
# Sales: 275 (246, 243)
3 L1 k$ I/ Y7 Q( N/ b5 kRatio: 42% (41%, 38%)* @7 J" @5 o! T
# Price changes: 384 (372, 286)
* g8 r( {( h( Q$ A# Expired Listings: 201 (134,109)& l# m5 \5 b7 i2 H
# Canceled, withdrawn and terminated listings: 51 (44,52)/ P7 \4 c4 C! H
Net loss/gain in listings this week: 121 (175, 228)
$ t8 {- ^+ y6 K" z3 x) w. FActive listings for single family homes: 3048 (2971, 2866)5 t8 K# l1 ]3 h0 m
Active listings for condos: 2351 (2301, 2246)) v, Q. \6 G/ e$ l/ C$ {
' S5 M; y% J; C9 eThe slow creep in inventory continues...new home builders seem determined to add to the inventory. CMHC released their monthly report today showing that multi-family units are up 4% over January 2007. At least single family starts are significantly down. Also interesting is the steady sales to new listings ratio, seems about the same as the Oiler's record (except for the past three games! go Oilers!).7 I) v/ l7 {, Q' S3 l: h' \0 g
# t* n2 B! j: I* g# G/ gAlso of interest...TD Canada Trust released a study about female homeowners today. Apparently in Edmonton and Calgary women are more driven to get into the real estate market that in any other major Canadian city. Two thirds (66 per cent) of women in the Alberta cities cite wanting to get into the housing market as a reason for buying their first home, compared with an average 54 per cent of women respondents across Canada, says the Women and Home Ownership Poll. Nationally most women preferred condos, but in Edmonton and Calgary 31% opted for condos, 33% for houses and the rest for townhouses/duplexes etc. |
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