Edmonton housing prices slip

水管工

Edmonton housing prices slip
- B" F3 L7 M& Q# |Bill Mah, edmontonjournal.com
$ I( S. _, x% aPublished: 1:42 pm
3 ]5 c2 {1 r- [! aEDMONTON - 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.
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, M6 s5 B4 R) _. ?/ r6 B/ I+ zDetached 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.

"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.
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; c8 I. L# d5 @/ ?+ a' e+ Q6 M: R"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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5 c3 Z6 F6 S" `8 e1 ]9 g) KThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.

5 d: n: C/ v! f$ t9 mDuplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.
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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.
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: b, U  o! b! I: ?3 q( o. E) J" `( E6 WThe days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.

bmah@thejournal.canwest.com

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! O3 }8 ?* `" T8 x% d, d© Edmonton Journal 2008

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