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Edmonton housing prices slip" p3 R! u* \' X5 y2 z S
Bill Mah, edmontonjournal.com
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; S! Z' D- ?9 ?# f, j7 n( }& fEDMONTON - 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.' I, n+ p4 Z& x8 K( t' \' Q9 I' m
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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 e/ j! x- g4 g" J& ~- Y
& Z0 l' K( d: A, J% T"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.: z) M& L2 X8 d) h" u* V+ w
1 j0 X7 s! a0 }"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."
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The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. 3 U* W# I* }7 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 $316,065.& [# z# j. z& e
! E8 I( Z" w* z* kApril sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.* `( P6 k3 M+ @% Z0 \+ f$ u3 h- w
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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.; C0 V) Y, P5 _+ ]1 I! e+ y0 x: k. U
) ]! e' q/ K6 I% q7 `' `3 l* Vbmah@thejournal.canwest.com
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© Edmonton Journal 2008 |
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