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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.- x# l8 X* V& Q% b% ?! o2 d
& B9 |: r7 Q8 R& 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 u7 @ g) e: y6 }
5 O5 w* j: @. N8 L5 |4 H4 d1 n! w5 X! o7 tSingle 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.
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6 ^( [ o9 Z% R# EThere 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 $2.3 billion.
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9 W* M) p6 C9 j! k“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.
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Highlights of MLS® activity) x) |1 d7 L2 n& [, b# s* S
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April 2008 activity Record for+ ]5 i- w3 B4 u+ ]. K7 g
the month* % change from* o5 L: }9 z% I- C
April 2007
- j8 B* X. W1 O' I2 GTotal MLSsales this month 2,047 -25.80%
0 I& i- O; D: N N: _, U! L$ ~Value of total MLSsales – month $699 million -28.80% ' E, t& D2 k! l [" W% k
Value of total MLSsales – year $2.27 billion -27.50%
& F* @1 u+ [& m1 XResidential¹ sales this month 1,823 -25.30%
% N! b) z% Q9 _$ J2 t0 mResidential average price $336,931 -2.10% 1 _- f; J) ^3 c( \/ [
SFD² average selling price – month $386,033 -6.60%
) X+ _- k: m i' A. S3 fSFD median³ selling price $372,500 -6.60% / Z9 G$ z4 v% t, z
Condo 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
