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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.
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8 K6 p/ U; U f6 B$ q“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." o s* R- P, O# J6 _- o# I$ p9 Q
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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.% s A9 ~& z0 Z9 z8 x5 N7 |
$ s. \* k* e! ^) C5 @! c" J$ O6 pThere 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 $2.3 billion.6 E4 I5 i9 a) ^- F8 C9 h! s- Y
) j/ _ y5 r: j) b“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.
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9 s+ G# S- ~6 QHighlights of MLS® activity# L$ s$ W; r& q6 _. {
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April 2008 activity Record for% L0 e- J4 W! m( _. R
the month* % change from
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Total MLSsales this month 2,047 -25.80%
+ S, z2 f5 B1 Y9 l6 t, y; EValue of total MLSsales – month $699 million -28.80% / W& V) w8 [0 a8 y, J
Value of total MLSsales – year $2.27 billion -27.50%
' g# k0 P$ u( i* ^! tResidential¹ sales this month 1,823 -25.30%
7 a0 N" B5 G4 m B0 GResidential average price $336,931 -2.10%
* `3 w1 E1 \8 |& q+ RSFD² average selling price – month $386,033 -6.60%
% Z8 D5 f8 ]) y: h5 u$ rSFD median³ selling price $372,500 -6.60%
: g3 |7 ]. i5 K; \* y* ?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
