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
4 |) R1 s: l( n2 X! k/ dPublished: 1:31 am
+ h$ c# L. m; `$ {* w  _: L. ~. K9 WEDMONTON - 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.

6 z! x% m# }$ e) y3 r: m, ^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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That'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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Association president Marc Perras said the inventory, about six month's worth, stems largely from fewer people moving to Alberta.

# Z- g7 \6 W4 C/ e& Z1 I. xNet 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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3 {/ `* @0 x/ p% k" v"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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He predicted home prices will increase by the year's end as inventory drops and called the current situation a "stable, normal" market.

"Our sales volumes are similar to what we saw in 2004 and 2005 and our prices are essentially flat.

"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.

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.

  m* P* Q' j$ p2 dThere 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.

% R% c1 @4 C* R% b$ b& |$ k* PMeanwhile, 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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) o6 s' X2 B) Q+ x+ G7 uThe 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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8 G! S3 d" p: m# DThe 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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Ken Shearer, a Royal LePage broker and owner, said debate over energy royalties kept house prices lower.
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  x( u) w/ Y, i) t: V) J1 U"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.

/ E6 E+ i5 _5 v% v6 L9 U8 Z% IAccording 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.

/ @7 j4 g5 Z* z5 jSpruce Grove: A two-storey home rose 6.9 per cent to $405,000 year-over-year.
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Riverbend/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.

, H, s2 F2 `$ f/ D0 u" S* \- VLeduc: 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.)

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.
Castle 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
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。

8 G+ o6 j2 y# L. z你如何得知每天有300套上市？