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Edmonton housing prices slip
( u+ B7 j5 Q M+ Y9 dBill Mah, edmontonjournal.com/ C. h- F: a- a3 p- y; E" \
Published: 1:42 pm
- N; I0 m+ f }- T( ^( gEDMONTON - 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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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 $27,455 - from April 2007 when the housing market was still simmering.1 z5 k' l+ }1 @, e
, v3 {+ Y, c$ b3 i$ i6 O- u7 \"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.' b& s/ m" \5 }9 l" _
( R7 }: M, I$ a& K# l7 Q"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.") Q+ x* M: a L& Y3 ^5 n' q7 E. U/ a6 M
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The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.
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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.
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April 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.
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The days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.- T9 U9 Q4 N: N1 J
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bmah@thejournal.canwest.com
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© Edmonton Journal 2008 |
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