City housing inventory near record level

水管工

Average price slips as fewer people moving to Alberta, realtors association says
* M0 |! m2 w  N1 G+ xBill Mah, The Edmonton Journal
Published: 1:31 am
( J2 }! i  _( a. }$ m& O: j! KEDMONTON - 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.
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# J: `1 w5 s1 z  _, |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.

5 b  q1 {3 e( u! E7 e7 i( ^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.


8 a1 h/ D: @1 `3 e9 A8 y2 q/ sAssociation president Marc Perras said the inventory, about six month's worth, stems largely from fewer people moving to Alberta.
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Net 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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"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.

He predicted home prices will increase by the year's end as inventory drops and called the current situation a "stable, normal" market.
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"Our sales volumes are similar to what we saw in 2004 and 2005 and our prices are essentially flat.
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"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 $343,760, 5.66 per cent higher than March 2007.
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# d* O: \1 B4 ~' P3 S* x1 ]( Z$ f; ~There 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.
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Meanwhile, 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.

5 q0 B! I: A* fThe study looked at certain local markets examined and found the average price of a "standard two-storey home" fell 3.7 per cent to $363,707.
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& B2 c1 d5 y! x5 x& p" I5 Z$ wThe 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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"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.
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0 }0 j- X9 T! e0 zAccording to the report, prices varied by specific market in the Edmonton region. Here are some highlights:

. b: u' P- Q5 o, }3 @7 e+ SSherwood 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.

( f1 @8 G+ w* Z# }1 r1 Z' wSpruce Grove: A two-storey home rose 6.9 per cent to $405,000 year-over-year.

3 `2 i, {! d$ b3 DRiverbend/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.

! `" k% {( P& j- k. |+ GLeduc: 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.)

, t  \3 ~' O5 @8 s  \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
1 D# M9 c( U/ j" z+ J; k5 N0 O8 i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。

  B2 G% Y" V' H5 V7 r+ G你如何得知每天有300套上市？