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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.% l+ d/ p" P6 V5 n. _- e# S
: H- C1 {2 j' L8 a“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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! Z, v6 U' S+ o3 BSingle 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 $336,931 when compared to March and down just 2.1% from a year ago.
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' }9 W* P" `+ _' ^$ SThere 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.7 p, B- w# |, T! q k/ B
1 C7 {9 n0 d% J7 ]/ x& G# E( Q“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
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April 2008 activity Record for; h7 Z, P5 t& d0 A
the month* % change from2 r/ @% t' |+ N; P# q, I
April 2007
! m- n# r! N( `Total MLSsales this month 2,047 -25.80%
* A' _7 {2 E/ C) @' [Value of total MLSsales – month $699 million -28.80% 2 p5 L6 y+ W0 g
Value of total MLSsales – year $2.27 billion -27.50% 6 q6 u8 k3 G/ ~
Residential¹ sales this month 1,823 -25.30% ! n. ?; I5 W8 F K/ B3 z6 b
Residential average price $336,931 -2.10% " V' I4 `/ ]# N% K# Q7 ?
SFD² average selling price – month $386,033 -6.60%
' B% K" L5 _3 d6 [SFD median³ selling price $372,500 -6.60%
3 [+ H$ Q1 P( C1 p, J/ iCondo 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
