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Edmonton housing prices slip
) {, q6 Q- T% T* I- {8 v$ q7 ?Bill Mah, edmontonjournal.com
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EDMONTON - 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.. x- w0 o1 m+ Y
8 l' V7 n! U6 I9 z2 K5 |# XDetached 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 $27,455 - from April 2007 when the housing market was still simmering.
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3 w8 @, s$ s& ~! O* l5 g$ l"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.; `. V( D: ~& ?: ^) U6 ?4 V
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"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 - $256,947 - also dropped by 2.3 per cent from last month.
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+ E0 i2 w7 ]5 `+ Z$ \/ _; K2 wDuplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065./ E' t1 [0 z6 D& I
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April 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./ h6 h/ v% ^, ] n( z% a8 `
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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.
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2 W6 J8 s* r: ?6 d3 U* R" X8 tbmah@thejournal.canwest.com
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# W" ]) |) `6 y, O% p% e j- o© Edmonton Journal 2008 |
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