Edmonton housing prices slip

水管工

Edmonton housing prices slip
$ M- ?) x. ?+ Z* x4 T2 oBill Mah, edmontonjournal.com
Published: 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.
, v2 S9 w9 [: s) W+ f0 K
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 $27,455 - from April 2007 when the housing market was still simmering.
% ^0 f2 o4 N- A0 R$ ~
+ g1 x/ p0 J* K"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 x6 T7 n  r4 U1 u+ K
"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."
9 z; V% A; p0 N* _( `4 P) Y6 A
( M2 M8 D- X8 r( hThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.

+ C9 ?. H* K# L1 zDuplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.
/ w# p5 N, _  V0 i
8 o# l5 h- b& W* Q, q. pApril 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.
$ p) m) t% @. i8 X
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.
8 `; K0 H/ `' H# `8 J
bmah@thejournal.canwest.com

. q' j8 J* [8 v, b" L( k2 F
; b0 g/ ~/ s/ @! Q# K

© Edmonton Journal 2008

zhucalvin

中国狼

白水