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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.: M$ h0 j r [' k
, o( L( X0 x) ~( {: e; O8 n) b. q0 w“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. V/ n- ?: E7 w; K
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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 $2.3 billion.8 d2 r, @% N( L+ R
/ u4 W- I8 F0 ^" j“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.
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; D L, w) B0 r/ ]) F2 c+ @6 j6 ^Highlights of MLS® activity
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April 2008 activity Record for, O w1 E( a% b) Y1 a: i" h# z
the month* % change from
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Total MLSsales this month 2,047 -25.80% 9 z; b, ~$ W& Z, X/ Q" R' i
Value of total MLSsales – month $699 million -28.80%
; x7 t5 l. T. e, z4 o6 F& v8 \Value of total MLSsales – year $2.27 billion -27.50%
/ n( H V0 z [) O* mResidential¹ sales this month 1,823 -25.30% 2 f& P' o- j8 s8 @
Residential average price $336,931 -2.10% z& T, k( r3 \+ B9 L2 m8 o
SFD² average selling price – month $386,033 -6.60% $ J$ |# G- {& G, ]
SFD median³ selling price $372,500 -6.60% + i* k9 b8 |: B T- j
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
