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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.
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“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.8 `5 I; X0 _' [" @; M: b5 P
% J% G* W6 d; G( 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 $336,931 when compared to March and down just 2.1% from a year ago.7 n% j: P- v8 h2 S8 W
- D% J! z* c; N8 N* h$ H# hThere 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.1 x( |' \) I2 f4 S e: k7 N% H- m
; z: ] E, J# |7 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+ L5 Y. V) _1 w+ [$ A# k
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April 2008 activity Record for
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Total MLSsales this month 2,047 -25.80% 4 b8 D/ u. a( h3 {& X+ D% z, s4 f
Value of total MLSsales – month $699 million -28.80% $ c4 I$ h( b5 O! \9 ~6 q6 A j3 Y
Value of total MLSsales – year $2.27 billion -27.50% 8 k. G5 s' l5 {
Residential¹ sales this month 1,823 -25.30%
: D: M7 _6 C3 B4 f) wResidential average price $336,931 -2.10% ' T: N) Z" p% l7 U1 v
SFD² average selling price – month $386,033 -6.60%
$ Y& V7 {8 ` q: uSFD median³ selling price $372,500 -6.60%
; o8 B7 Q+ j. b5 q" b$ p5 pCondo 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
