Edmonton housing prices slip

水管工

Edmonton housing prices slip
Bill Mah, edmontonjournal.com
, v  [. g% ~% U6 m/ w5 D# A$ c& r9 APublished: 1:42 pm
EDMONTON - 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.

5 Q1 L) L# c) H3 Z4 l  A; MDetached 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.

# O  D2 C9 N! S5 `. r"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.

5 l3 ~7 W0 |# W6 {, p7 H7 R"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."
8 q3 y7 Y& i. H  u3 o  M# i
The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.
: V) e! h8 C* @4 E. f
% t% c# o7 v  d% B0 C; r7 XDuplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.
5 l+ T& G9 T, P4 r/ G  ?" f
April sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.
1 o9 i- ?" b$ L5 {% A8 M
  G9 p# U4 [# r* h5 y3 xThe days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.

0 T9 i) c1 t: p9 H8 u" _! pbmah@thejournal.canwest.com
' F8 l8 }5 z+ S



8 _5 |# g3 s5 l7 E$ W- t' X# [8 @© Edmonton Journal 2008

zhucalvin

中国狼

白水