Edmonton housing prices slip

水管工

Edmonton housing prices slip
Bill Mah, edmontonjournal.com
' Z8 P( B; [: M% g$ ]. [Published: 1:42 pm
$ `8 l* ~# L2 I3 R7 s# E' ZEDMONTON - 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.

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 $27,455 - from April 2007 when the housing market was still simmering.
5 o( z. I( w; t1 E$ o
7 A7 `9 `0 z9 @. s% p8 X7 S) d. ]7 g"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.
7 R0 v" ?, s. [  |$ E0 O
"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."
# ]/ q4 u7 _$ {* n
The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.
( {* C4 Y) Q( R8 l- R+ y
" J, @; x4 O4 Q$ Q# iDuplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.

: [4 R0 x* f. c( LApril 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.
3 Q  ]+ u0 o7 r" `; ?+ o
, x* N' b! V' M- ~  F6 g! gThe days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.

bmah@thejournal.canwest.com


+ j3 G' y* D( }1 ]. F
. |/ [7 E2 ~' I& U$ m; F7 S
© Edmonton Journal 2008

zhucalvin

中国狼

白水