 鲜花( 4348)  鸡蛋( 18)
|
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 2005.5 }8 N2 M7 I4 U" W, A
( Q& f. h# W9 p: y: G
“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.
& m9 D9 ]# ~$ d9 n: x* g$ ~. ~7 E' p7 ^0 L2 _9 H
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.) F# m2 T1 X! L& w3 v7 {% w3 I0 r
0 l: p5 Z# N( y D3 R; N7 N) I# AThere 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 $2.3 billion.3 a+ G0 f1 S/ B1 T0 I# _0 Y
1 ]; s6 M* ?% F& `+ h“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.$ J* a4 \) U* q+ M5 j
5 W) e+ ?. J% s8 m; _! u, S-30-
5 a. H, R5 e2 s9 ?4 l% W* I) Q* {
" Y% e E K! b! V0 V6 m4 E4 i
2 O9 O+ u9 H" @5 H. |Highlights of MLS® activity/ g5 d+ P' r% k" B
$ ^3 ~2 L5 N* B0 n7 ]
April 2008 activity Record for" ^+ T, t+ ]* F2 u5 P
the month* % change from6 z2 r$ I( L# Z: H
April 2007 # ]2 y, o5 V0 b. p2 C
Total MLSsales this month 2,047 -25.80%
$ O$ q1 R4 N! q- ]6 WValue of total MLSsales – month $699 million -28.80% 9 A9 X! r: d- B7 F% U$ Z
Value of total MLSsales – year $2.27 billion -27.50%
4 l! t+ C; T3 u+ c; }; q- fResidential¹ sales this month 1,823 -25.30%
3 H2 X- A# Z0 {7 `Residential average price $336,931 -2.10% % F; ^ w5 V, }% W( Y, @, R
SFD² average selling price – month $386,033 -6.60%
, M- S* D7 n1 O2 N0 w, H" @. ?SFD median³ selling price $372,500 -6.60%
9 y% Y- {, ]8 ?- g# l& X! SCondo average selling price $256,947 -1.60% |
|