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
EDMONTON - 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.

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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' O& R9 s5 x  U* R4 b4 C' KThat'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.


$ F  h& @6 r( D& [( T2 {* S3 FAssociation president Marc Perras said the inventory, about six month's worth, stems largely from fewer people moving to Alberta.
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8 Y1 q/ W, s* dNet 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.

6 H- S6 f) Y; t/ O"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.

( U- X7 ]. V) O7 Z  O# g% \# NHe predicted home prices will increase by the year's end as inventory drops and called the current situation a "stable, normal" market.

1 x# V$ u& c; N, y& {# P7 ~) u"Our sales volumes are similar to what we saw in 2004 and 2005 and our prices are essentially flat.

1 u" A9 @* W% c' Q: Q2 h5 D"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."
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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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But 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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3 M( Z( d! _7 ?- o+ qThere 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.

Total MLS sales in March dropped 31 per cent from a record-setting pace in March 2007.
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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.

8 ~4 l8 P! Y& E( W' VThe 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.
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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.

Ken 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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According to the report, prices varied by specific market in the Edmonton region. Here are some highlights:

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.
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- K* B2 C' ^+ L0 _Spruce Grove: A two-storey home rose 6.9 per cent to $405,000 year-over-year.
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" N$ C0 a6 {! P0 ARiverbend/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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: p; G- O  b9 @- {' D  gLeduc: 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.)

6 c2 `8 l- \4 gSt. 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.
$ m; n/ l, K# @8 T* ~% HCastle 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.

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
9 E: b. `6 U" q1 v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。

% r8 i: G' U  [你如何得知每天有300套上市？