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Edmonton housing prices slip
8 w4 G9 K. ~7 u7 EBill Mah, edmontonjournal.com
2 r: H2 n1 `& r8 qPublished: 1:42 pm- d* t } S0 |( y! x b: p
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.- v, C H- x$ N6 z& }
4 ?: u$ G4 W4 u$ fDetached 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.! N4 p. A' r" r4 l3 V. u1 x
( p4 k g+ ?5 I"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.0 c" e# {' d5 c
2 f( R* c7 ?. X/ B/ A"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."! ?2 z, o0 K; ^ `
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The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. ' y) W2 H( o+ M: {, b; r
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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 $316,065.
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" Z& O" E, N a' q8 }$ p+ hApril 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.
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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 22.2 G9 } ~2 B3 ~. V8 l# w
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bmah@thejournal.canwest.com
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© Edmonton Journal 2008 |
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