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Edmonton housing prices slip
0 d/ J' S! T2 f0 m; aBill Mah, edmontonjournal.com
1 j: @2 }5 O9 ~- J( Y1 i" qPublished: 1:42 pm9 ~3 I9 v) H/ K4 }
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.4 `/ b# ?: x6 |& A. p
4 x) Q9 g3 t4 ^4 J1 F. bDetached 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.1 a: p) q; Y) s' l
/ \& C0 O; {& ]. A/ k: {"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. z% D S/ W* n4 C. F/ _6 N5 I4 n
. L5 N8 M7 Y. H" z"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."+ v6 ~' l! v2 |) X' m7 N# M# E9 t: _
+ M# D) C2 X- ~, aThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. . y6 [' ^' t W1 j, U( I4 D. s0 x
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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 $316,065.
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April sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.5 e4 W+ N# o0 @: l' p3 O+ t ?
% g7 g* \3 a1 B' ]2 {The days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.1 S/ H% ^- x, d: b6 X6 z& t9 t4 [
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bmah@thejournal.canwest.com2 K8 l6 |7 _2 _' Q8 b7 F- T" k
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$ N, D' S7 x% W9 d© Edmonton Journal 2008 |
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