 鲜花( 0)  鸡蛋( 0)
|
MLS inventory hits 11,0007 @3 l' H; G1 l& l) O
Record number of homes for sale 21/2 times greater than last June's lineup2 B3 I r5 G0 @2 P4 O
4 A9 ?$ g: k" r+ N
Bill Mah, The Edmonton Journal
3 R3 q' Q) K$ A& S) _Published: 1:33 am
- ^8 F# ?- g* \EDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.
' y6 l$ y9 c* K" ]6 l# J7 ~6 `, h7 V/ m# z8 `/ f( K1 F, {
At 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.
H; R# r) R$ H# J6 r
3 g: l( b$ B' l I' X% MThat'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.
! [$ J/ I; R5 q% V J+ i$ G0 y: y( P2 U
Good news, if you're a buyer. For sellers, it means waiting an average of 53 days for a sale -- up one day from April.
9 Q' S& B9 s: t- k( K' Z9 @
. [+ J8 Y3 f6 Z4 @. @# d6 q m0 N6 M"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.$ X0 I8 k1 A9 \. U9 l1 n. `. w
) t# E5 B# \, E; L
Perras 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.
" _/ _: X( z9 a3 q) }8 J
6 k" H5 s% C& G6 |" r" d2 R& d* wIn 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.
1 g- C/ S) Y9 R' E
a2 |" G4 ]( I) K# NDespite plummeting demand, prices have remained relatively stable.
/ F* n" T/ U% a! I8 T2 s+ y4 I# t& d) @/ \" N" x
Perras forecasts home prices will rise by an average of four per cent by year's end.' ]8 S/ S# l. Q9 y* v: K+ |, p
J! y" c& m2 _* b. WIn 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.
$ `3 P% f! R, X u4 v Q
( \( R0 Y6 Y$ d8 `- ^The May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.
) G5 v/ |5 u: A1 T& f* F
1 V# D- y0 g( m: f0 eThe 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.) ?! r' O8 C' v: O5 t& r7 R: S
; p8 r, Q f- t1 O
The average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.6 ^1 A4 J; H+ P/ e3 h. s
. j7 i) u* S8 nPaul Messinger, a University of Alberta marketing professor, said the Edmonton real estate market appears to be following an economic model that says in times of high demand, prices get bid up rapidly.- `% u8 b' {1 {
! N/ p+ v7 R6 [0 ^) ?* |
Prices are slower to drop when demand falls.+ k/ ?2 R! Y& D( d3 E8 P! w4 i
. @6 [5 s7 M$ j& I6 R' {& L
"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.! d8 D: H4 f+ ]
4 f3 q* g, a9 D% S2 t
"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.", p# v& o# W: x1 n
/ C/ J- M$ B2 m, r; c; c. s' G) u% K
http://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a( u9 w+ C9 i9 b, i
: ]$ m: I9 {) n n[ 本帖最后由 circle 于 2008-6-4 08:17 编辑 ] |
|