City housing inventory near record level

水管工

Average price slips as fewer people moving to Alberta, realtors association says
6 N$ G" Q9 W5 ]- GBill Mah, The Edmonton Journal
Published: 1:31 am
EDMONTON - The buyer still reigns in Edmonton's housing market, where the number of homes for sale has skyrocketed by 268 per cent from a year ago.
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Figures released Thursday by the Realtors Association of Edmonton show there were 9,464 residential properties available in the city area -- up by a whopping 1,220 homes from February.

That's the third-largest inventory in Edmonton history. Only last September and October were there more homes for sale at month's end, 9,918 and 9,577 respectively.
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Association president Marc Perras said the inventory, about six month's worth, stems largely from fewer people moving to Alberta.
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Net migration to Alberta last year was 27,048. That's down significantly from 74,523 who moved here in 2006, according to Statistics Canada data.

, i. r) j' m, T9 _/ z"We had an industry that ramped up, expecting that those numbers would keep up and now, as a result of that drop-off, we've seen inventory numbers come up fairly significantly," Perras said.

He predicted home prices will increase by the year's end as inventory drops and called the current situation a "stable, normal" market.

"Our sales volumes are similar to what we saw in 2004 and 2005 and our prices are essentially flat.

"We saw quite a roller-coaster ride last year when prices jumped up significantly in the first six months and fell off significantly in the last six months."

9 R7 F; z+ h$ i* ^4 R, rA single-family home sold in March for an average price of $387,632, down 2.7 per cent from March last year.

9 Y& E- B9 ~5 k0 x- iBut the average residential price -- including single-family homes, condos, duplexes, mobile homes and others -- was $343,760, 5.66 per cent higher than March 2007.

6 ~+ v* V3 A; A2 y6 PThere were 1,557 residential properties sold in March with new listings of 4,236 for a sales-to-listing ratio of 37 per cent. Homes spent 51 days on the market, down one day from last month.

" }6 Y1 v# O* G' N# r( ~( c, oTotal MLS sales in March dropped 31 per cent from a record-setting pace in March 2007.
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* c& }( ?& F( E$ K1 R. QMeanwhile, a house price survey released Thursday by Royal LePage Real Estate Services says Edmonton-area houses became more affordable in the first three months of 2008.
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+ t" C0 B7 }' G% S! O6 hThe study looked at certain local markets examined and found the average price of a "standard two-storey home" fell 3.7 per cent to $363,707.

The price of detached bungalows fell 4.9 per cent to $330,000 from the same time last year. Standard condo prices also fell 7.7 per cent year-over-year to $235,000, said the LePage study.

0 Q# ^8 E+ `$ N* b( c. S- yKen Shearer, a Royal LePage broker and owner, said debate over energy royalties kept house prices lower.

"As a result of this debate, the market has receded from the wild pace it experienced last year as buyers are simply no longer interested in paying skyrocketing house prices," he said.
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According to the report, prices varied by specific market in the Edmonton region. Here are some highlights:
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4 l1 q7 a* I3 h2 P9 iSherwood Park: Average prices for two-storey homes dropped by 7.1 per cent to $390,000, while detached bungalows and condos were unchanged from last year.
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# N) b0 i3 ~2 [4 MSpruce Grove: A two-storey home rose 6.9 per cent to $405,000 year-over-year.
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! c4 `1 A' o! W" D3 g* U/ M- u! `Riverbend/Terwilligar: A two-storey property rose by 12.7 per cent to $410,950 over the same time last year. The average price of a detached bungalow rose by 2.6 per cent to $390,000, while condo prices dropped by 10.6 per cent to $235,000.

9 v3 r7 K  y# }1 \5 B* _6 i8 j9 \Leduc: Average condo prices rose by 9.1 per cent to $240,000 year-over-year. Two-storey house prices dropped by 7.5 per cent ($310,000.)

0 J1 w: o! U1 S2 l' c0 G. USt. Albert: The average price of a two-storey home fell by 12.8 per cent to $340,000 while detached bungalows dropped by 12.3 per cent and condos by 13.3 per cent.
' f3 M$ p$ m4 z) V5 ^% {. u7 MCastle Downs: Average detached bungalows fell by 18.6 per cent to $285,000. Average two-storey homes went down 11.4 per cent to $350,000.
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: E  p. e* L) h" f& I# K. }! P8 n8 g# FClareview: Detached bungalows decreased by 8.8 per cent to $310,000, year-over-year. Condo prices fell by 16 per cent to $210,000 from the same time last year.

依勒特

最近几天，几乎每天都有近300套房子上市。很快就要破纪录了。

google

Sping is coming, it will make a new record in the next one or two months.

hunter

原帖由 依勒特 于 2008-4-4 11:35 发表
4 F0 E5 N( o$ b% u最近几天，几乎每天都有近300套房子上市。很快就要破纪录了。

  T; l7 I! y+ H, K你如何得知每天有300套上市？