City housing inventory near record level

水管工

Average price slips as fewer people moving to Alberta, realtors association says
Bill Mah, The Edmonton Journal
Published: 1:31 am
1 m& N$ J8 l. ~2 rEDMONTON - The buyer still reigns in Edmonton's housing market, where the number of homes for sale has skyrocketed by 268 per cent from a year ago.
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Figures released Thursday by the Realtors Association of Edmonton show there were 9,464 residential properties available in the city area -- up by a whopping 1,220 homes from February.
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  u7 S$ s8 @9 V& e# y/ BThat's the third-largest inventory in Edmonton history. Only last September and October were there more homes for sale at month's end, 9,918 and 9,577 respectively.
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: w) l7 _$ V' {Association president Marc Perras said the inventory, about six month's worth, stems largely from fewer people moving to Alberta.
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# K5 {. d! t/ F4 I) }Net migration to Alberta last year was 27,048. That's down significantly from 74,523 who moved here in 2006, according to Statistics Canada data.
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+ a$ |1 L6 s4 ~. t"We had an industry that ramped up, expecting that those numbers would keep up and now, as a result of that drop-off, we've seen inventory numbers come up fairly significantly," Perras said.
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( P& d" j+ d0 u# eHe predicted home prices will increase by the year's end as inventory drops and called the current situation a "stable, normal" market.

: Z6 D2 t5 k* A) j* ?1 y# Z( C  N"Our sales volumes are similar to what we saw in 2004 and 2005 and our prices are essentially flat.
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' g1 ~# d" n+ ^% {8 u: f"We saw quite a roller-coaster ride last year when prices jumped up significantly in the first six months and fell off significantly in the last six months."

A single-family home sold in March for an average price of $387,632, down 2.7 per cent from March last year.
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# G8 M" p9 x9 O0 g- eBut the average residential price -- including single-family homes, condos, duplexes, mobile homes and others -- was $343,760, 5.66 per cent higher than March 2007.
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, ?) v1 [. l9 e5 h, _There were 1,557 residential properties sold in March with new listings of 4,236 for a sales-to-listing ratio of 37 per cent. Homes spent 51 days on the market, down one day from last month.
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Total MLS sales in March dropped 31 per cent from a record-setting pace in March 2007.
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4 ?1 \" R" @' r" x" \Meanwhile, a house price survey released Thursday by Royal LePage Real Estate Services says Edmonton-area houses became more affordable in the first three months of 2008.
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The study looked at certain local markets examined and found the average price of a "standard two-storey home" fell 3.7 per cent to $363,707.

The price of detached bungalows fell 4.9 per cent to $330,000 from the same time last year. Standard condo prices also fell 7.7 per cent year-over-year to $235,000, said the LePage study.
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4 a2 x/ J9 I" bKen Shearer, a Royal LePage broker and owner, said debate over energy royalties kept house prices lower.

"As a result of this debate, the market has receded from the wild pace it experienced last year as buyers are simply no longer interested in paying skyrocketing house prices," he said.
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; B4 A0 U5 }" Z& ]According to the report, prices varied by specific market in the Edmonton region. Here are some highlights:
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Sherwood Park: Average prices for two-storey homes dropped by 7.1 per cent to $390,000, while detached bungalows and condos were unchanged from last year.

Spruce Grove: A two-storey home rose 6.9 per cent to $405,000 year-over-year.

1 I2 r, T) S! u1 V! hRiverbend/Terwilligar: A two-storey property rose by 12.7 per cent to $410,950 over the same time last year. The average price of a detached bungalow rose by 2.6 per cent to $390,000, while condo prices dropped by 10.6 per cent to $235,000.
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8 U* S, b1 `) }! V2 [Leduc: Average condo prices rose by 9.1 per cent to $240,000 year-over-year. Two-storey house prices dropped by 7.5 per cent ($310,000.)
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St. Albert: The average price of a two-storey home fell by 12.8 per cent to $340,000 while detached bungalows dropped by 12.3 per cent and condos by 13.3 per cent.
3 I8 A; P* z/ ?& iCastle Downs: Average detached bungalows fell by 18.6 per cent to $285,000. Average two-storey homes went down 11.4 per cent to $350,000.
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Clareview: Detached bungalows decreased by 8.8 per cent to $310,000, year-over-year. Condo prices fell by 16 per cent to $210,000 from the same time last year.

依勒特

最近几天，几乎每天都有近300套房子上市。很快就要破纪录了。

google

Sping is coming, it will make a new record in the next one or two months.

hunter

原帖由 依勒特 于 2008-4-4 11:35 发表
& T6 Z& E' V0 {& r3 t) i3 O& `# _最近几天，几乎每天都有近300套房子上市。很快就要破纪录了。

/ W1 U1 \3 H: |- m8 B5 W你如何得知每天有300套上市？