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Edmonton housing prices slip' D6 B0 A- b h" C7 }8 M4 X& c
Bill Mah, edmontonjournal.com
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n, v1 e! y7 p; E+ e6 kEDMONTON - 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.0 U t% |8 E8 @8 y2 W' x/ v8 ~
7 T6 z! @- l) ^2 Y8 uDetached 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 $27,455 - from April 2007 when the housing market was still simmering.
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) [8 f" g" ?* ^' [$ V4 p1 j, _"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.. |' Q% Q3 \ ^ ~: n
+ x# `" c! @% v, `"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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The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. 6 o4 V0 }6 n# d- y1 _
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Duplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.) b4 B6 p. |8 J/ n8 v
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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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# k% _6 D+ z7 L# s3 c3 Z' M) jThe days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.% b) D' j* J4 E2 g
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bmah@thejournal.canwest.com
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\# @% s3 O* e: u+ ~9 _' U- P; F+ Z© Edmonton Journal 2008 |
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