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Edmonton, May 5, 2008: The REALTORS® Association of Edmonton reported that the average price for single family homes dropped less than half a percent after three months of small increases. April sales of all types of residential property through the Multiple Listing Service® were lower than the two previous years at 1,823 units but higher than the more typical years of 2004 and 2005., @. I( A- C- J0 o
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“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. “In this market, with a very high inventory, pricing is a key component of a successful sale.” While the typical sale is completed at 97% of the asking price many sellers have had to reduce their price to find the level that would attract a buyer./ `; W0 s# ~$ v0 E2 a
~# \, B2 z+ S( ?Single family dwellings sold on average* for $386,033 in April just 0.4% down from the previous month. SFD prices are still 6.6% lower than April 2007. Condos sold on average for $256,947, a decrease of 2.3% from last month. On the other hand, duplexes and rowhouses sold during April were priced 2.3% higher at $316,065 on average. Overall, the average price for all types of residential property was down 2% at $336,931 when compared to March and down just 2.1% from a year ago.) K. ]! [7 r/ e* Y X$ P! y
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There are 10,606 residential properties currently available on the MLS® (up 12% from last month’s record inventory). The average days on market was just 52 days; up one from March. There were 4,471 residential listings during the month and the sales to listing ratio is a low 41%. Total residential sales were $1.99 billion and total MLS® sales were $2.3 billion.
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“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.# p& N" ^. j4 }4 p7 O2 p) A
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' t% C6 [. V" r" p& ?Highlights of MLS® activity4 _" }& P( [; t" ?( r- {3 n' w
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April 2008 activity Record for# Y& ~0 U' m3 W( t! Z1 `* L2 O h
the month* % change from4 ?. [+ J7 ~- P- N' b# T% o
April 2007
! R& U; ?9 A# xTotal MLSsales this month 2,047 -25.80% / l# V( J: Z2 P. a6 r& }
Value of total MLSsales – month $699 million -28.80% 8 F& B& ]1 I1 \) G: b) k
Value of total MLSsales – year $2.27 billion -27.50% 2 o& [- ]/ [: j
Residential¹ sales this month 1,823 -25.30% / v/ I. j; m% L" U$ d
Residential average price $336,931 -2.10% ' u3 [# p! o+ q
SFD² average selling price – month $386,033 -6.60%
2 \/ ~+ {) W0 a) D0 G! QSFD median³ selling price $372,500 -6.60%
) {$ @- k/ _0 gCondo average selling price $256,947 -1.60% |
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发表于 2008-5-5 21:16
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发表于 2008-5-6 09:37
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