 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.$ P% R; U* B) z( F% m* c$ s
H1 l4 V; n2 A" _! h
“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+ b4 b/ v) Y3 @
$ @1 w- L& b" W7 @4 Y
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$ K" d( t; Q/ p( \: s, y3 U5 L) v: G5 ?
There 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 $2.3 billion.
) @, X) p) ~. e# {1 a; R. s, Y" R' l! }& ~
“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.' s: L) L7 Q. Y( }4 H9 A4 H
/ c! z2 [9 ?/ Y& e8 O
-30-; [) z, O" ~; D' a- q; Y
4 x) w3 r) I# }, {$ C# E
, J- g% g( u5 |) T) q+ b1 x& {
Highlights of MLS® activity
) I% [. v* v. v, ]7 N. s* @. \; S9 U0 D
April 2008 activity Record for3 N4 ^1 m( m# u. C: e
the month* % change from
6 j8 `7 Y$ C& [9 j' fApril 2007
? g$ v: q$ n: h: BTotal MLSsales this month 2,047 -25.80% $ h, T5 r5 [' X2 j6 Z
Value of total MLSsales – month $699 million -28.80%
: [1 ]2 X) s2 [7 YValue of total MLSsales – year $2.27 billion -27.50%
# X& _# Y% ^( r1 J) Q4 [Residential¹ sales this month 1,823 -25.30% ( S% ]9 j1 A$ E
Residential average price $336,931 -2.10%
# O. _# C; Q7 o2 dSFD² average selling price – month $386,033 -6.60%
& O- a) U$ W a) y' L* RSFD median³ selling price $372,500 -6.60% ( R" i! \: c n
Condo average selling price $256,947 -1.60% |
|