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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.
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“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.0 z5 {6 _4 @2 o3 a; D
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Single 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 $336,931 when compared to March and down just 2.1% from a year ago.$ i% u8 U9 C3 {
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There 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 $2.3 billion.
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* k8 z2 j t/ G“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.( \: S2 ?6 \; F) \* l5 E% N4 c' \2 Q
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, g" O* h9 h' s) t% f/ T L6 OHighlights of MLS® activity& `8 w) }, R$ k
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April 2008 activity Record for
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( D9 O: Y* r5 x; b! x8 j( G& gTotal MLSsales this month 2,047 -25.80% ! l! ]1 p R7 T
Value of total MLSsales – month $699 million -28.80% 7 @* w- @9 a6 o& _6 V
Value of total MLSsales – year $2.27 billion -27.50%
; }7 Q, z1 M b- z' }! R, rResidential¹ sales this month 1,823 -25.30% 2 q- i1 Y: U# |7 I1 a3 S+ n: C
Residential average price $336,931 -2.10% 6 o4 H% A) W2 e
SFD² average selling price – month $386,033 -6.60%
) w7 j$ g- L3 Z; ISFD median³ selling price $372,500 -6.60%
; x: `7 u( C% e" BCondo 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
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