City housing inventory near record level

水管工

Average price slips as fewer people moving to Alberta, realtors association says
Bill Mah, The Edmonton Journal
Published: 1:31 am
EDMONTON - The buyer still reigns in Edmonton's housing market, where the number of homes for sale has skyrocketed by 268 per cent from a year ago.

) F2 _* B3 D2 [! i1 E+ aFigures released Thursday by the Realtors Association of Edmonton show there were 9,464 residential properties available in the city area -- up by a whopping 1,220 homes from February.
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" k% s! Y, P, `" vThat's the third-largest inventory in Edmonton history. Only last September and October were there more homes for sale at month's end, 9,918 and 9,577 respectively.


, O; B9 o- _) T" d9 w+ VAssociation president Marc Perras said the inventory, about six month's worth, stems largely from fewer people moving to Alberta.

" @& M5 g. a. `4 WNet migration to Alberta last year was 27,048. That's down significantly from 74,523 who moved here in 2006, according to Statistics Canada data.
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"We had an industry that ramped up, expecting that those numbers would keep up and now, as a result of that drop-off, we've seen inventory numbers come up fairly significantly," Perras said.

He predicted home prices will increase by the year's end as inventory drops and called the current situation a "stable, normal" market.
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"Our sales volumes are similar to what we saw in 2004 and 2005 and our prices are essentially flat.

! s$ P+ ]" p$ A7 }"We saw quite a roller-coaster ride last year when prices jumped up significantly in the first six months and fell off significantly in the last six months."

& F; z9 d2 n) J2 {A single-family home sold in March for an average price of $387,632, down 2.7 per cent from March last year.
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& d6 A7 D- |( _0 Q9 x. }But the average residential price -- including single-family homes, condos, duplexes, mobile homes and others -- was $343,760, 5.66 per cent higher than March 2007.

There were 1,557 residential properties sold in March with new listings of 4,236 for a sales-to-listing ratio of 37 per cent. Homes spent 51 days on the market, down one day from last month.
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; ]9 Q6 k& }+ C, u' M' a* r2 OTotal MLS sales in March dropped 31 per cent from a record-setting pace in March 2007.

. j; @1 k# E8 q+ E$ `" N9 TMeanwhile, a house price survey released Thursday by Royal LePage Real Estate Services says Edmonton-area houses became more affordable in the first three months of 2008.

The study looked at certain local markets examined and found the average price of a "standard two-storey home" fell 3.7 per cent to $363,707.

. k/ X$ I" d, v+ b# y  uThe price of detached bungalows fell 4.9 per cent to $330,000 from the same time last year. Standard condo prices also fell 7.7 per cent year-over-year to $235,000, said the LePage study.

5 h9 d4 G2 U( ^6 D: tKen Shearer, a Royal LePage broker and owner, said debate over energy royalties kept house prices lower.
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* a6 M+ f) ^; b+ w" l& t"As a result of this debate, the market has receded from the wild pace it experienced last year as buyers are simply no longer interested in paying skyrocketing house prices," he said.
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/ p; M- c0 j$ S/ TAccording to the report, prices varied by specific market in the Edmonton region. Here are some highlights:
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; ]! I4 J/ D- Z2 GSherwood Park: Average prices for two-storey homes dropped by 7.1 per cent to $390,000, while detached bungalows and condos were unchanged from last year.

7 s' g+ v' G4 ?& VSpruce Grove: A two-storey home rose 6.9 per cent to $405,000 year-over-year.
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Riverbend/Terwilligar: A two-storey property rose by 12.7 per cent to $410,950 over the same time last year. The average price of a detached bungalow rose by 2.6 per cent to $390,000, while condo prices dropped by 10.6 per cent to $235,000.
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( H; f' `9 d9 |  ^! Q5 I' y8 nLeduc: Average condo prices rose by 9.1 per cent to $240,000 year-over-year. Two-storey house prices dropped by 7.5 per cent ($310,000.)
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St. Albert: The average price of a two-storey home fell by 12.8 per cent to $340,000 while detached bungalows dropped by 12.3 per cent and condos by 13.3 per cent.
9 K# O1 w/ x+ X8 l8 j  y# zCastle Downs: Average detached bungalows fell by 18.6 per cent to $285,000. Average two-storey homes went down 11.4 per cent to $350,000.
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Clareview: Detached bungalows decreased by 8.8 per cent to $310,000, year-over-year. Condo prices fell by 16 per cent to $210,000 from the same time last year.

依勒特

最近几天，几乎每天都有近300套房子上市。很快就要破纪录了。

google

Sping is coming, it will make a new record in the next one or two months.

hunter

原帖由 依勒特 于 2008-4-4 11:35 发表
- o0 i$ Q' N+ `8 O4 U最近几天，几乎每天都有近300套房子上市。很快就要破纪录了。

你如何得知每天有300套上市？