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Edmonton housing prices slip4 |3 d! {( w9 o5 ]3 d" J3 J; \9 ?* Q
Bill Mah, edmontonjournal.com$ r) s0 m, Z; @8 ?. c; v, v
Published: 1:42 pm
9 E# r6 d$ |, V1 q/ m/ v. bEDMONTON - The average price of a single-family house in the Edmonton region dipped slightly in April, after three months of small increases, the Realtors Association of Edmonton said today./ M% M; G# R1 U1 n- c2 L7 C
* q4 K2 F1 Z, X, m# T# ~3 kDetached houses sold for an average of $386,033 last month, down 0.4 per cent from the previous month. Single family house prices are down 6.6 per cent - or $27,455 - from April 2007 when the housing market was still simmering.! k) t0 ?0 p: ~0 ^! O1 K' b2 C
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"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.
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; E0 {5 b- h/ E& I. |' \- |"While the typical sale is completed at 97 per cent of the asking price, many sellers have had to reduce their price to find the level that would attract a buyer."% f% T8 g: M/ a/ b5 a* q
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The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. 3 Z3 B7 j. k1 c9 V( n" Z
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Duplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.) Y1 w4 c9 P7 n2 | w
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April sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.
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The days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.
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bmah@thejournal.canwest.com
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, L( E% z! S/ m9 |2 o+ L5 X© Edmonton Journal 2008 |
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