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Edmonton housing prices slip
; @ }$ }" [" }% W9 p+ p7 \! lBill Mah, edmontonjournal.com
; o$ v8 y2 I0 tPublished: 1:42 pm
: ?( s7 ?! n( Q4 ^" \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.
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8 e4 ~' h4 v2 p7 N4 E9 v9 JDetached 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 $27,455 - from April 2007 when the housing market was still simmering.4 x; V: n' H/ J% J% G* t9 Y
5 Z% e3 ~3 g9 L$ a3 x$ U( u7 R"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.3 I* Q3 b0 S$ e' j/ A. r0 ]/ C
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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."; O2 { G! T3 Q( J9 C
7 j( j/ O7 k* tThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.
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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 $316,065.; O$ o. N" F8 T5 X
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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.! i( [8 \0 v+ f; w" K
4 m% a7 M# c; B/ z& CThe days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.; D$ n* F. m/ Y7 U2 o4 a N, K
. ^, ~) _5 y, u- u! z' Sbmah@thejournal.canwest.com
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* \& a; w" R! p6 }+ `© Edmonton Journal 2008 |
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