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Edmonton housing prices slip/ s" I# O. z) a; r, O
Bill Mah, edmontonjournal.com$ }; x% Q" @0 x. D" y8 B7 ~
Published: 1:42 pm
- a6 H u. {+ kEDMONTON - 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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- _3 J1 e( s7 g$ L5 lDetached 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.: c, C7 V' t" f" R8 C9 H
0 r ]4 X0 k" A9 G0 l"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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"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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5 k( y& E" i3 ]: X) A, m& R( m! gThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. 2 Z8 F- ~2 `1 X4 c! V) {' l
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Duplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.1 l4 K2 H* ]. u; i' h
e( [/ j: e% X1 f) a- p$ R% o- DApril 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.7 ~+ c8 V! z$ k! }
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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 22.9 x* M7 ~; i) B# {7 @
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bmah@thejournal.canwest.com, }$ ]( {1 x& O/ `5 `" P
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© Edmonton Journal 2008 |
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