 鲜花( 0)  鸡蛋( 0)
|
MLS inventory hits 11,000
/ g2 i: `9 Q+ d5 LRecord number of homes for sale 21/2 times greater than last June's lineup, V h$ Q& w8 n; ~5 Q9 C7 e
! h6 w# c9 t$ T! p" G b6 N- N* a& z
Bill Mah, The Edmonton Journal
' r+ j M) H$ R8 m, x9 Z8 HPublished: 1:33 am
: a* p, u- g7 d R1 p4 n- O: wEDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.2 ]* ~: M/ P- b( x0 f/ }0 g
7 P2 ^8 v7 R* Y+ d" ?At the end of May, 11,006 residential properties sat unsold on the Edmonton Multiple Listing Service, according to monthly statistics released Tuesday by the Realtors Association of Edmonton.
; z/ i2 b( X% u' l) W( F6 D/ M6 p6 h, g% S5 |
That's up 400 homes from a month ago, and 21/2 times the inventory of the same time last year. At the current pace of home sales, that amounts to a six-month supply, twice the normal inventory.
2 y$ H! z P: h$ [$ K* W- [
0 }& u" E1 m0 _1 s9 nGood news, if you're a buyer. For sellers, it means waiting an average of 53 days for a sale -- up one day from April.
! j7 E. l& B$ h8 `& ]+ ~* G; @+ g: k/ n, \% o$ y
"It's a great time right now to be purchasing, because the selection has never been better and the interest rates are low," association president Marc Perras said.
3 d9 { N; B& f/ K/ W! p
3 N9 f9 u1 X/ K+ `$ Q& U+ z: gPerras predicted the surplus will shrink to about 8,000 by the fall as homes sell or multiple homeowners rent out extra homes instead of trying to sell them.
4 _* a4 d1 \# a
) `# ?! [* m' M& D) [; Y8 WIn May, 4,294 homes were added to the listings inventory and 1,821 homes sold. May sales were higher than same-month sales in 2003 and 2004, but fell short of May sales for 2005 to 2007, during a real estate boom.
7 S6 ?* Y: h8 g+ T& h9 J, W
' H h- F" `8 K( P$ O Z L- O/ A4 gDespite plummeting demand, prices have remained relatively stable.
& N: }; s$ X, ?% h% z' u# t2 p
! d8 i) w: C" ^8 IPerras forecasts home prices will rise by an average of four per cent by year's end.; s0 V7 x# }' B# B
3 B' E- j' n/ D4 ]8 e! H0 {8 M3 sIn May, the average (mean) price for all types of homes rose one per cent from April to $340,499. That price is down about four per cent from a year ago.
8 C- u" x5 D! Z. x! h" A
+ P9 E: }7 ]% ]* N) aThe May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.' S1 P6 ?' g1 B" ~8 O5 [
' F* Z6 k7 J" S1 x uThe median -- middle figure in a list of all sale prices -- selling price for a single-family home in May was $365,000, down 8.75 per cent year-over-year.; H( a' r! H: [3 C8 Z2 Z
) ` Q3 o. r) N' c; J$ r
The average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.
" T) C9 d6 s( w2 d1 s; I4 J: h2 K& @, x! T9 Y. q4 Q
Paul Messinger, a University of Alberta marketing professor, said the Edmonton real estate market appears to be following an economic model that says in times of high demand, prices get bid up rapidly.
0 M+ K& f4 j3 L# }6 X( y8 }4 ?; A$ @
Prices are slower to drop when demand falls.. F5 C/ f6 n- T4 E) b! G( q
3 {1 n; n5 y: o, L. V. H
"Now, when we are back closer to historical patterns, we see an adjustment where the slack is taken up not by price but by the inventory," Messinger said.
& _5 K9 j! X" Z* \- u9 T& r
5 S* v, Q s" @ X! S"For years, Edmonton was one of the best real estate values in the country. Now we are much more in line with the rest of Canada in terms of price."
8 W0 U7 ^9 U* e- P
' S& F* a, ~% \% q5 `: Ohttp://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a
3 x3 X6 x3 ?; _8 x7 j0 N3 y/ m9 k9 I) r
[ 本帖最后由 circle 于 2008-6-4 08:17 编辑 ] |
|
狗仔卡
发表于 2008-6-4 07:10
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
' [& A# m! C. Q$ Q9 C
