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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., S/ v k4 }' V$ r
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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.
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7 }5 P& z, }! O/ y7 n gSingle 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.
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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 $2.3 billion.
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“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions., ?. d$ ]' n _* i/ u2 J
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Highlights of MLS® activity% B, A; i/ ^6 T: D7 t: w1 W' G
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April 2008 activity Record for
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April 2007
- n H5 `3 O: t( yTotal MLSsales this month 2,047 -25.80% - U. G$ I/ e" x3 n" ]/ m
Value of total MLSsales – month $699 million -28.80%
+ B* s& X- J( q0 n* CValue of total MLSsales – year $2.27 billion -27.50% + o9 q8 [, G: \/ H! ^2 h1 T
Residential¹ sales this month 1,823 -25.30% # x8 z; R) V9 V* K9 o
Residential average price $336,931 -2.10%
9 W; Z0 w4 E; z) ^9 H% H Z& {SFD² average selling price – month $386,033 -6.60% : a; t! g; f z x7 `
SFD median³ selling price $372,500 -6.60% 5 f7 m+ |' }/ E3 a- } \+ M7 ?* }9 f
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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