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Edmonton housing prices slip
, [+ {# A1 r6 V% \- ?Bill Mah, edmontonjournal.com
( x0 s9 {3 q! `" F; |' bPublished: 1:42 pm
" Z' H" E2 B5 y. Q7 r- I" p) ?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.
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% O8 v5 W$ b" |. o2 ~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 $27,455 - from April 2007 when the housing market was still simmering.
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3 o1 Q1 P; b; b) i" O% j"The Edmonton housing market is stable, and buyers and sellers seem to be coming to a realistic view of housing prices," said Marc Perras, president of the Realtors Association of Edmonton.
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"While the typical sale is completed at 97 per cent of the asking price, many sellers have had to reduce their price to find the level that would attract a buyer."
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7 f% {. m$ a" s$ nThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. $ A0 a7 ~6 s) p/ @/ B# r
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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 $316,065.! E+ W8 Q* a, V$ i- M) n8 b
L6 w" _; a/ D; Y. a/ L% _6 FApril 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.( T o6 c0 h! \# n/ j N5 U
* e p) z2 M8 q" ?0 U7 V$ aThe days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.: H" X2 B' j0 y% v
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bmah@thejournal.canwest.com
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© Edmonton Journal 2008 |
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