 鲜花( 4348)  鸡蛋( 18)
|
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.* D' G" N( ~/ m! K
0 a% ^$ t$ A; v' M) b" o/ z
“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.
, r* f4 X4 H& j5 S3 q, b) p6 x } }4 h
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.6 H5 B* U' k5 _' Q: m, Z9 M
0 K0 z2 a: L, t3 v( ^4 S3 v& HThere 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 $2.3 billion.0 N9 U% T$ x8 W( m6 o3 D
- u5 z' i, Y& p( x: h1 D“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./ |! Z& ~; U4 m. W
2 U* m% {' `! B3 z+ \2 D-30-
8 F& a4 x. T& m
4 J2 i4 }9 |2 [/ U6 w
X# R6 |5 ~$ X% X( l( hHighlights of MLS® activity! I) U% {; S2 C( i+ Q8 o
8 T6 D: O+ H5 t: J5 }April 2008 activity Record for
2 c4 Z& y1 I% ~9 ~% _the month* % change from6 \3 H8 z0 h. `0 P K' J2 X
April 2007 * Y0 h" \7 B2 h& F7 X) L
Total MLSsales this month 2,047 -25.80% / k" y$ O5 r/ J
Value of total MLSsales – month $699 million -28.80% 1 l' Z5 T$ A- f2 n+ S& z) z
Value of total MLSsales – year $2.27 billion -27.50%
# R1 Z, a2 D! g. g( r% QResidential¹ sales this month 1,823 -25.30%
& o% e2 s& k+ C) t9 w( ^1 TResidential average price $336,931 -2.10% " I+ y! q6 ]8 C$ l4 i
SFD² average selling price – month $386,033 -6.60%
! B, ]$ r2 [, g5 A8 f: \" KSFD median³ selling price $372,500 -6.60% ' X% @& ~; `6 Z7 M6 B& q
Condo average selling price $256,947 -1.60% |
|