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Edmonton, May 5, 2008: The REALTORS® Association of Edmonton reported that the average price for single family homes dropped less than half a percent after three months of small increases. April sales of all types of residential property through the Multiple Listing Service® were lower than the two previous years at 1,823 units but higher than the more typical years of 2004 and 2005.7 |# A& H$ V8 B! L1 \
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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. “In this market, with a very high inventory, pricing is a key component of a successful sale.” While the typical sale is completed at 97% of the asking price many sellers have had to reduce their price to find the level that would attract a buyer.! ~# }, {5 r2 [
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Single family dwellings sold on average* for $386,033 in April just 0.4% down from the previous month. SFD prices are still 6.6% lower than April 2007. Condos sold on average for $256,947, a decrease of 2.3% from last month. On the other hand, duplexes and rowhouses sold during April were priced 2.3% higher at $316,065 on average. Overall, the average price for all types of residential property was down 2% at $336,931 when compared to March and down just 2.1% from a year ago.
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There are 10,606 residential properties currently available on the MLS® (up 12% from last month’s record inventory). The average days on market was just 52 days; up one from March. There were 4,471 residential listings during the month and the sales to listing ratio is a low 41%. Total residential sales were $1.99 billion and total MLS® sales were $2.3 billion.7 I! M! V% W. z3 Y1 U; Y& {. l& q+ S
$ s! `4 P/ o4 x“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.* h. [7 m# Z# N* y) C; @5 S7 j$ e
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Highlights of MLS® activity' ~- O% b& Q) {" W2 w+ Z
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April 2008 activity Record for! q4 J0 @/ N0 S# g" m
the month* % change from
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Total MLSsales this month 2,047 -25.80% 0 W1 x$ k5 O2 y+ L. \
Value of total MLSsales – month $699 million -28.80% 5 |4 @9 W, F$ L
Value of total MLSsales – year $2.27 billion -27.50% & \2 X8 J; p# C8 R S9 ]
Residential¹ sales this month 1,823 -25.30% V8 q9 V% B: {, c# a) I1 l S t
Residential average price $336,931 -2.10% 9 S/ q. V0 X& Z% r3 b' l$ |8 h
SFD² average selling price – month $386,033 -6.60% S, U2 s. z. D/ B. G1 [2 }
SFD median³ selling price $372,500 -6.60% : w# ?$ }0 v8 f1 E9 X& e1 ?2 O
Condo average selling price $256,947 -1.60% |
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发表于 2008-5-5 21:16
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发表于 2008-5-6 09:37
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