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August residential sales up 18.6% over last year - f& C1 `" f- y( ~( ]; b/ G
Monthly Statistics
6 m2 |$ H) c- U( |, WQuarterly Statistics
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Edmonton, September 3, 2008: In August, homebuyers are distracted by warm weather, vacations and back-to-school preparations. Never-the-less, the REALTORS® Association of Edmonton reports that residential sales were up 18.6% in August as compared to August 2007. New listings were down for the month compared to last year resulting in a net drop of 889 properties available on the Multiple Listing Service® (MLS®) dropping below the 10,000 mark for the first time since March. There were just 9,612 residential properties in the inventory on August 31 as compared to 10,501 at the beginning of the month.
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. @" a6 }: b" L- K“Sales, compared month to month, were stronger than last year for the second consecutive month,” said Marc Perras, president of the REALTORS® Association of Edmonton. “New home sales are down dramatically partially because of the wide selection of homes available through the MLS® but buyers are demonstrating their confidence in this market and are not afraid to purchase.”' ^) v' a$ x- X3 w
, i! B) d. t# I1 EAverage prices* for all types of homes were down slightly from the previous month. Single family detached homes were off 2.65% to $369,190; the lowest price in 18 months. Condominium prices were down just 1.1% to $251,048 in August after a 3.25% slide in July. Duplex and rowhouse prices were down less than half a percent. Overall, the average residential price (which includes all types of residential property) was $329,207 (off 1.8%: the same as the month previous). 5 A1 a7 r5 |6 v" D
4 Z6 ~0 D$ _9 M% S% X" A XDays-on-market rose from 55 to 63 days. The sales-to-listing ratio was 51% in August. Total MLS® sales for the month were up as a result of the increased sales volume to $574 million with total sales for the year reaching just under $5 billion. 8 w5 a) N6 M- o3 `8 r2 ]/ t
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“Housing prices typically rise slightly through the fall,” said Perras. “We expect that the strong sales this quarter will support rising prices as we approach year-end. Once again, I encourage buyers and sellers to maintain contact with their REALTORS® to ensure they are up-to-date on the day-to-day changes in this dynamic market.”) ~& x" a4 f) B; N8 O
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Highlights of MLS® activityAugust 2008 activity Record for2 P# c7 g- X; t! M9 K; h
the month* % change from w1 p: [, N3 S9 e( J
August 2007. ~$ S' k6 r! u7 x+ x! ~9 p
Total MLS sales this month 1,713 10.37%8 w f9 M% r c1 k R2 _3 V
Value of total MLS sales – month $574 million 2.94%1 ~# t; o9 o- x9 ]
Value of total MLS sales – year $4.99 billion -22.45% ^2 C% f' F) R; Z. R2 c, c
Residential¹ sales this month 1,541 18.63%
$ w$ A9 ~( Q! i" K/ e" F, ?Residential average price $329,207 -4.52%
* c) {' a$ d& ^SFD² average selling price – month $369,190 -8.56%
0 n1 ]; n! p. ?0 }& K; X1 W+ WSFD median³ selling price $352,500 -7.24%
1 J% f4 O; d6 k, F" K5 vCondo average selling price $251,048 -6.72%
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¹. Residential includes SFD, condos and duplex/row houses.: H* d- G' u2 g
². Single Family Dwelling
# E# w+ v6 m8 `% w# J, J³. The middle figure in a list of all sales prices
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- s( n9 B* q2 s" m. q[ 本帖最后由 音响神仙鱼 于 2008-9-3 16:43 编辑 ] |
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