Return to 'normal' seen in Edmonton housing market

vista

EDMONTON — Prices for single-family homes in the Edmonton region dropped while condo prices rallied in December, according to figures released today by the Realtors Association of Edmonton.

- k3 m7 o1 Y$ J! i+ Z“That’s a 180-degree twist from what we saw in the month of November,” said outgoing association president Marc Perras.
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The average price for a single family home dropped by three per cent to $351,870 after remaining flat for two months. That’s $30,000 less than the average price of a single family dwelling at the start of 2008.
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* t# I) Z: F3 R# Q" _3 fCondominium prices — which fell more than eight per cent in the previous two months — edged up 1.2 per cent over November.
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( s: P; f+ A9 ~% ]Over the year, condo prices dropped 7.5 per cent from $253,270 to $234,286.

At the end of December, there were 6,316 homes in inventory. The sales to listing ratio was 46 per cent and average days on market was 65, up two from November.
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4 i% b$ G) d; g, q0 C3 TResidential sales plunged by 29.1 per cent in December to 608. Perras blamed cold weather and global economic uncertainty.

  y, D/ V7 i1 d: I! ]“Who wants to tour homes when both your toes and your portfolio are frozen?” Perras said.

+ K2 S* [) i8 ]! O2 Z9 z4 ], VNeither Perras, nor incoming president Charlie Ponde would release a resale market forecast for 2009 until a news conference scheduled for Thursday.

7 X# }% B* H; T% \) t) d( dBut one real estate company predicted Tuesday that after months of sluggish sales and slipping prices, Edmonton’s housing will return to “a normal state” in 2009.

: E, Q# L$ D$ _The year will bring stable average house prices and gradually increasing sales, according to the Royal LePage 2009 Market Survey Forecast.

) G/ [: G/ Z; s" }) Y- |/ D“The combination of healthy employment levels, historically low interest rates and good affordability — something the city has not seen in a while — will all bolster Edmonton’s housing resale market in 2009,” said the survey.

The report predicts the average local house price to hold steady at $333,000 this year. The number of homes sold is expected to increase by three per cent to 17,825 units, it said.
The company added that a glut of homes that burdened the market shrank in 2008 and will get smaller in 2009, putting Edmonton in a balanced market.

0 X; o. I7 L$ o“Nationally, Canadian average house prices are forecast to dip by three per cent from last year to $295,000, while transactions are projected to fall to 416,000 (–3.5 per cent) unit sales in 2009,” the report said.
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Meanwhile, the Realtors Association of Edmonton will release a recap of the housing market this morning and a forecast of 2009 on Thursday.

宋兵乙

冬腊梅

dezhongxiao

卖房子的房地产公司当然看好市场了。
所以宣称不会跌了。

BAOMA

听到喜欢听的，自然就愿意相信。
& T1 C. X8 E, M还是让事实来揭晓答案吧。

icing

catty

今天看到经纪人协会分析，说09销售会跌10%，不过没说价格，按照他们的歪嘴惯性，说不定售价+10%，理由是房子卖得少，售价自然就高，供不应求 。

algebra81