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Edmonton housing prices slip
6 X$ g# v% V; EBill Mah, edmontonjournal.com9 j8 @+ ^( Q/ w; I
Published: 1:42 pm
; H+ Y: t) w# x1 }EDMONTON - The average price of a single-family house in the Edmonton region dipped slightly in April, after three months of small increases, the Realtors Association of Edmonton said today.; j3 k0 M# B) d
1 ?; H; L; s: m3 ZDetached houses sold for an average of $386,033 last month, down 0.4 per cent from the previous month. Single family house prices are down 6.6 per cent - or $27,455 - from April 2007 when the housing market was still simmering.) ~5 X% L( w* v8 l2 D: r
D: N* Q, y; G. }+ B9 E, r4 ?/ 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./ |( f* |# N3 s+ }" W- D% y2 Q
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"While the typical sale is completed at 97 per cent 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: H; @0 D& MThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. / @8 h _% b& K5 F+ E
_# u P6 f) L- L. `3 \# x+ wDuplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.
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April sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.
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The days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.) t& S; {. ~" ^7 p
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bmah@thejournal.canwest.com
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