 鲜花( 0)  鸡蛋( 0)
|
MLS inventory hits 11,000' j/ v8 O6 I# k
Record number of homes for sale 21/2 times greater than last June's lineup, _1 M D [9 c+ J) r$ G
$ ]2 Z8 [0 S1 j" l. j
Bill Mah, The Edmonton Journal
6 v6 ~9 A; ]* R4 q& j# }Published: 1:33 am
3 u, B8 O: B( M2 AEDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.
7 w$ t; T) G9 ]8 M
" a' T. m( N! }+ NAt the end of May, 11,006 residential properties sat unsold on the Edmonton Multiple Listing Service, according to monthly statistics released Tuesday by the Realtors Association of Edmonton.; e8 F% ^7 h# I
& X$ a8 u9 Q5 x5 J$ gThat's up 400 homes from a month ago, and 21/2 times the inventory of the same time last year. At the current pace of home sales, that amounts to a six-month supply, twice the normal inventory.1 n9 P+ r2 M# E6 x
5 r: k% J. X1 pGood news, if you're a buyer. For sellers, it means waiting an average of 53 days for a sale -- up one day from April.5 m+ T5 X/ {! i" v
6 L/ a5 f; \ B5 V* V
"It's a great time right now to be purchasing, because the selection has never been better and the interest rates are low," association president Marc Perras said.
; E* v; e! p. V
$ R" r0 w1 P! ~7 fPerras predicted the surplus will shrink to about 8,000 by the fall as homes sell or multiple homeowners rent out extra homes instead of trying to sell them.
/ ^8 X" P( z! F, j6 k' Z1 G) B
# j! E& n1 F# C! E. qIn May, 4,294 homes were added to the listings inventory and 1,821 homes sold. May sales were higher than same-month sales in 2003 and 2004, but fell short of May sales for 2005 to 2007, during a real estate boom.2 S' q! ^7 b( R2 X1 ~
, H9 |5 `) ^; _1 xDespite plummeting demand, prices have remained relatively stable.
2 p0 U( @7 w: ~/ z3 j X3 W' c, N
" [1 l1 H, U; r% bPerras forecasts home prices will rise by an average of four per cent by year's end.
& q/ f" G( ?2 |/ ~" E, t( O3 \% h1 Y
1 \6 k% Z; |6 f" ^/ I5 f1 UIn May, the average (mean) price for all types of homes rose one per cent from April to $340,499. That price is down about four per cent from a year ago.
" G# F! G( s8 I; X( P* x+ {: ]7 L( i* L1 B- i4 Z& j: r
The May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.
. J' l" X& \4 t
% r9 G! n8 O# O- h! C" w) S/ h! BThe median -- middle figure in a list of all sale prices -- selling price for a single-family home in May was $365,000, down 8.75 per cent year-over-year.
* `9 G; {; r! b- M$ d' p. ?8 h
|2 h- |8 r& a. e I r0 u* HThe average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.
, Q8 X. M, R+ W- s* J1 F& F
! a, A. k' Q/ f! u3 H2 q+ h! @" c& JPaul Messinger, a University of Alberta marketing professor, said the Edmonton real estate market appears to be following an economic model that says in times of high demand, prices get bid up rapidly.
8 v* l: a1 [* L( V& [3 h. i1 m F- h( _3 }6 A5 A
Prices are slower to drop when demand falls.
) q7 Z8 d( h" p4 A
- k. g4 N- ~- Z- g6 X4 l6 _; m, W"Now, when we are back closer to historical patterns, we see an adjustment where the slack is taken up not by price but by the inventory," Messinger said.
% t7 @; Y: [( L
+ Z e7 F( K" U" v1 x"For years, Edmonton was one of the best real estate values in the country. Now we are much more in line with the rest of Canada in terms of price."
' u2 L% ~# @0 ~. e8 w3 a6 q3 w4 Y
http://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a
- T) U5 |# i& p: x* O6 a; w8 Y/ R* y' B% A- i
[ 本帖最后由 circle 于 2008-6-4 08:17 编辑 ] |
|