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Edmonton, May 5, 2008: The REALTORS® Association of Edmonton reported that the average price for single family homes dropped less than half a percent after three months of small increases. April sales of all types of residential property through the Multiple Listing Service® were lower than the two previous years at 1,823 units but higher than the more typical years of 2004 and 2005.
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" g6 R* { {9 |% j, `% ]% O+ Y“The Edmonton housing market is stable and buyers and sellers seem to be coming to a realistic view of housing prices,” said Marc Perras, president of the REALTORS® Association of Edmonton. “In this market, with a very high inventory, pricing is a key component of a successful sale.” While the typical sale is completed at 97% of the asking price many sellers have had to reduce their price to find the level that would attract a buyer.7 O" U# t# F6 U& p
9 k; k* j, k* N) FSingle family dwellings sold on average* for $386,033 in April just 0.4% down from the previous month. SFD prices are still 6.6% lower than April 2007. Condos sold on average for $256,947, a decrease of 2.3% from last month. On the other hand, duplexes and rowhouses sold during April were priced 2.3% higher at $316,065 on average. Overall, the average price for all types of residential property was down 2% at $336,931 when compared to March and down just 2.1% from a year ago.6 o% p% _$ V) J; i
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There are 10,606 residential properties currently available on the MLS® (up 12% from last month’s record inventory). The average days on market was just 52 days; up one from March. There were 4,471 residential listings during the month and the sales to listing ratio is a low 41%. Total residential sales were $1.99 billion and total MLS® sales were $2.3 billion.
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“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.4 Q. w4 u1 ^6 o' _
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( P }7 s3 i, A$ }; _4 ]Highlights of MLS® activity# K' }+ y) |/ v* S" F& D; Y
0 w2 l7 v" f+ HApril 2008 activity Record for$ v* k* s* @; i
the month* % change from# z* i7 f' p' J) V" Q, C/ i
April 2007 , X: J" b/ n1 g4 w& B
Total MLSsales this month 2,047 -25.80% * ]. {/ U5 v, D; v, Z e2 X
Value of total MLSsales – month $699 million -28.80%
( o: i- G4 A- @# _6 M7 k, H) [0 jValue of total MLSsales – year $2.27 billion -27.50% ! p) N* i% r4 K8 a
Residential¹ sales this month 1,823 -25.30% 3 j: L& P9 q' D/ J' ^# Z
Residential average price $336,931 -2.10%
9 }7 r; `( P- S& ?4 @+ M( L7 bSFD² average selling price – month $386,033 -6.60%
. I K% Q* Q$ ?4 X `4 BSFD median³ selling price $372,500 -6.60% 7 |6 ^ V& t/ }& h
Condo average selling price $256,947 -1.60% |
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发表于 2008-5-5 21:16
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发表于 2008-5-6 09:37
