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Edmonton housing prices slip
j- b8 H w! n- c0 _1 h. hBill Mah, edmontonjournal.com' b4 ] f$ r7 G5 S6 t
Published: 1:42 pm5 u' j* D: E: X! }
EDMONTON - 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." |0 Q% a, a* N1 ?& a8 M+ M
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Detached 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 $27,455 - from April 2007 when the housing market was still simmering.' B4 G# X3 E8 d; {2 E) K8 k' e, F
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"The Edmonton housing market is stable, and buyers and sellers seem to be coming to a realistic view of housing prices," said Marc Perras, president of the Realtors Association of Edmonton.5 w k: o# \' Q. A) s$ N5 K
5 P' M I) U8 \# b; k* X"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."
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& {, J/ V$ T$ y, j2 E1 `8 l7 ~8 FThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. - p. c. g& M: t0 L" w6 a, s8 O
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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 $316,065.3 x% g, D; Q, w) L- G- b* E9 {# `- ^
8 a3 o3 i. C9 y A0 BApril sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.8 |6 \/ `8 l) ~6 h3 H9 v
d' v% m# P4 ]4 G; H6 b- rThe days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.
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bmah@thejournal.canwest.com+ q& K$ s9 {! s; p( A9 D
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