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Edmonton housing prices slip
m4 q7 G4 P! f* ~3 o' O5 j( GBill Mah, edmontonjournal.com
- j( r' J6 p% N( ~Published: 1:42 pm
: ^4 E1 K2 w( d2 LEDMONTON - The average price of a single-family house in the Edmonton region dipped slightly in April, after three months of small increases, the Realtors Association of Edmonton said today.
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Detached houses sold for an average of $386,033 last month, down 0.4 per cent from the previous month. Single family house prices are down 6.6 per cent - or $27,455 - from April 2007 when the housing market was still simmering.
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"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.
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, T7 F- a, D: v9 q* ~3 Y& W. h t1 Y"While the typical sale is completed at 97 per cent of the asking price, many sellers have had to reduce their price to find the level that would attract a buyer."
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2 l' @. r8 u- z1 P) YThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.
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! L- [4 N. P( ]Duplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.; m$ ?/ N+ A5 i. D1 Q5 Y r
g3 z# ~ S% S2 ]8 cApril sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.6 ~. @3 E |$ V5 L
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The days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.
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0 ~! C# C; r; r4 vbmah@thejournal.canwest.com6 d$ r! r" f9 _4 X8 V, N
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) I2 F! w4 B& ]/ c+ n+ ]" `/ g o- z© Edmonton Journal 2008 |
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