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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.
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9 Q j% K# Y' l) rSingle 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.. f% m% R% u- [
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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 $2.3 billion.- N* r5 J( O3 U1 e$ b S
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“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." A2 f6 t9 D& E F5 h
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% b9 }" q6 G; x) Q6 u" n" GHighlights of MLS® activity* t& r3 \% e9 i3 J( h5 ~- i. ]9 [: q
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April 2008 activity Record for2 p" m8 P9 d& b& t8 {, D+ \3 ~0 a
the month* % change from2 w! B: S2 i- Z" s
April 2007
# y- R! \7 D& i0 W0 O( ]Total MLSsales this month 2,047 -25.80% / [1 j) N% F6 O/ b
Value of total MLSsales – month $699 million -28.80%
2 O, d. }$ O7 P$ {! rValue of total MLSsales – year $2.27 billion -27.50% - R" T0 j q) R) t/ `1 G6 ?' R
Residential¹ sales this month 1,823 -25.30% : G* S* M ~( N+ F& f* p
Residential average price $336,931 -2.10% 2 _2 Y5 a1 r( \
SFD² average selling price – month $386,033 -6.60% * I6 [& M* H, c" B/ b& F3 Y
SFD median³ selling price $372,500 -6.60% # V- L% F. l9 F. f$ @, t' J/ s* J
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
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