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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 2005.2 @% y: H* k, \ Y7 V! u' d2 T
5 |4 R6 o# [, E: U) I1 `“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.
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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.
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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 $2.3 billion.
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“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.. x E9 H% ^% s1 U, N+ j2 F
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Highlights of MLS® activity# b9 ?( P6 k7 t& ~
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April 2008 activity Record for1 v) A/ A0 g$ x4 s3 U
the month* % change from/ I3 L9 A# q/ v1 ]; C+ m; K4 q1 e' W4 H
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Total MLSsales this month 2,047 -25.80% : q' D2 v0 |7 v6 p3 R4 x C) S- O
Value of total MLSsales – month $699 million -28.80%
' f* r3 u8 |/ W( E$ JValue of total MLSsales – year $2.27 billion -27.50%
: F2 d" [9 _% q. o; h; hResidential¹ sales this month 1,823 -25.30%
5 @7 I8 @8 {1 K4 b- I& ^, E8 NResidential average price $336,931 -2.10% % m [) o& c1 z6 ?9 y) J9 T$ [
SFD² average selling price – month $386,033 -6.60%
7 _0 G! D5 w" f+ }- d3 V5 ^SFD median³ selling price $372,500 -6.60% % I# s4 P- w) T+ L$ R
Condo average selling price $256,947 -1.60% |
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发表于 2008-5-5 21:16
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发表于 2008-5-6 09:37
