City housing inventory near record level

水管工

Average price slips as fewer people moving to Alberta, realtors association says
; x; ^& z: A" P: u% vBill Mah, The Edmonton Journal
: J$ C" N* l+ ~# `2 v( K# X! \: RPublished: 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.
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% T$ R7 l, w. M8 i$ ?9 WThat'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.


8 v/ ?1 F1 w1 A! l- q& H! P1 b2 \Association president Marc Perras said the inventory, about six month's worth, stems largely from fewer people moving to Alberta.

8 c5 c: x( E, h/ c+ j, J- O& L( `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.
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"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.

! f0 A2 p9 |) UHe predicted home prices will increase by the year's end as inventory drops and called the current situation a "stable, normal" market.
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4 D4 P, S; f8 }" }( x5 N2 [/ R6 S) e+ j) g"Our sales volumes are similar to what we saw in 2004 and 2005 and our prices are essentially flat.

3 Y; t# x: Y, H8 c  @- Q"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."

2 v$ s# Z: t0 b. B  }" U% Z2 gA single-family home sold in March for an average price of $387,632, down 2.7 per cent from March last year.
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But 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.

There 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.
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Total MLS sales in March dropped 31 per cent from a record-setting pace in March 2007.
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( v& ^& z2 E; r) I6 l9 ?: x0 x' GMeanwhile, 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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2 j/ K8 F2 B7 m) O3 l, KThe 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.
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5 M& e/ N1 G7 m7 GKen Shearer, a Royal LePage broker and owner, said debate over energy royalties kept house prices lower.
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"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.

1 n, c4 k9 ~0 C/ YAccording to the report, prices varied by specific market in the Edmonton region. Here are some highlights:

Sherwood 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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Spruce Grove: A two-storey home rose 6.9 per cent to $405,000 year-over-year.
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9 \- I9 q# K, I9 ~& h  q- mRiverbend/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 [: J) f. u% P5 tLeduc: 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.)

) B9 Z: z0 z( `. {, b6 _8 vSt. 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.
Castle 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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/ \' r- p+ d* @8 a- n: g( bClareview: 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
8 R4 `3 s1 s' q1 Q9 g4 c- a" m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。

) V8 i6 |' `  v) F2 b0 q你如何得知每天有300套上市？