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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.
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m0 U; w: Q$ u/ H“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.2 D% X1 q) }4 j# h/ n" j
1 R8 e0 E3 j4 q" H$ r8 o. PSingle 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.0 [- V# {. U( ^; `: c
2 ?) z, Q( ^& ^7 @5 W# e! D1 o( z o8 [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 $2.3 billion.$ |- g. t) _: `6 n) g* P
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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.
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% U3 f, i! o$ @4 h! gHighlights of MLS® activity- x2 o z5 ~. b
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April 2008 activity Record for
: q% E2 e; s, x! c6 Ythe month* % change from& }* k8 P$ [. J- l; V5 Z' w
April 2007 + q& |' o! [8 l8 y
Total MLSsales this month 2,047 -25.80% # [" z4 s, b8 F6 v
Value of total MLSsales – month $699 million -28.80% 8 s* B5 M+ A5 [
Value of total MLSsales – year $2.27 billion -27.50%
3 Z$ C2 O6 B- L5 M7 X: q+ G3 aResidential¹ sales this month 1,823 -25.30%
! W8 e/ ~8 @* ?9 C) fResidential average price $336,931 -2.10% $ b: T% j5 \: C, Z
SFD² average selling price – month $386,033 -6.60%
* m; }$ F2 J( m. c" @; VSFD median³ selling price $372,500 -6.60% * j1 L0 D7 ]3 E% u& J
Condo 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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