ZT: Edmonton home sales down 40 per cent compared to last January

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http://www.edmontonjournal.com/H ... /1248520/story.html
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EDMONTON — Edmonton’s resale housing market sales kicked off the new year by stumbling out the gate — with residential MLS sales down 40.5 per cent compared to January 2008.

Every indicator fared worse than it did in January of last year, showed Multiple Listing Service figures released Tuesday.
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% a- \  U& n' X" q) N5 w& `- Total MLS sales plunged 40.9 per cent.

- Value of total sales for the month was $265 million — down 42.4 per cent.
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! V0 O% n: w3 b- The single-family home average selling price fell 7.1 per cent to $352,689.

( f1 J+ A$ E& T; @- The average condo selling price dropped 7.5 per cent to $238,535.

1 L: L1 v+ x. C- In the single-family market, there were 502 houses sold, down from 767 in January 2008.

- For condos, only 189 sold in January compared to 363 a year ago.
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For all that, Charlie Ponde, president of the Realtors Association of Edmonton, sounded optimistic, if cautious.

- ?3 {2 o' c3 hHe looked on the bright side, the month-by-month comparison — January figures were modestly better than December’s gloomy statistics.

9 x3 u5 h+ a; w( e( G1 b' PMultiple Listing Service figures released Tuesday showed 730 residential properties sold in the Edmonton region in January, up from 608 in December.

Sales prices were also up in all categories as compared to the previous month. The average price of a single-family home in January was $352,689 — up a quarter of a per cent compared to December. Condo prices nudged up 1.8 per cent to $238,535 and duplex/rowhouses rose 2.2 per cent to $299,222.

“Nobody rings a bell when prices hit the bottom,” he said. “The bottom is evident only after several months of rising prices. One month does not make a trend but the market is certainly welcoming to home buyers.”

He pointed to interest rates which have fallen to their lowest in years, a large selection of homes and recently introduced federal tax credits for home renovation and a change in the amount of RRSP savings that can be applied to a first-home purchase — now $25,000 up from $20,000.

yj151

末底改

成交量荡40%,只能说明买卖双方都不愿意入市.如果价钱荡40%的话,老末保证成交量会几倍增长.