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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.% n& g$ l. M6 n. h
' N' u' E4 J9 P3 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. “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.1 d: h3 E% w8 B, c0 w
9 P5 ]7 @" u. k% i5 N& {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.9 W. S& j# _- a e0 l7 g1 _: C
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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 $2.3 billion.
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' D! z' A) B( C3 G' o- y9 W! [“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.
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Highlights of MLS® activity& ~) I2 e& ~$ M- U& W# w8 m
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April 2008 activity Record for7 C4 @% q0 U3 Z l0 p% o
the month* % change from
% k/ n' n2 q `: y- VApril 2007
p: v2 C3 X6 O9 f4 B/ y5 C+ k1 W2 T: lTotal MLSsales this month 2,047 -25.80% . y" A2 K1 B. W3 k% u% K
Value of total MLSsales – month $699 million -28.80% " i6 O7 [1 N1 `0 U, w
Value of total MLSsales – year $2.27 billion -27.50%
' f7 b+ W3 M0 {1 [ L% @1 H5 q" {Residential¹ sales this month 1,823 -25.30%
" ^) A/ c, I/ K) o+ \Residential average price $336,931 -2.10%
) [; f8 i& V: E3 }1 hSFD² average selling price – month $386,033 -6.60%
% M5 B9 `+ r# @6 I$ L: s1 E7 USFD median³ selling price $372,500 -6.60%
* u4 I, @" r, w+ m! T6 p; cCondo 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
