 鲜花( 0)  鸡蛋( 0)
|
MLS inventory hits 11,000
/ ~6 c# Q& j$ g& ~; O4 {7 s6 IRecord number of homes for sale 21/2 times greater than last June's lineup, J. s) G4 `' L3 F8 M$ G( v: x X
/ d7 i# ?# R! p3 p" _8 Y/ J B/ y8 A6 h
Bill Mah, The Edmonton Journal+ ?6 m7 L. S' Z7 Q
Published: 1:33 am
) Q( j0 b. y/ s/ ?4 K5 w, FEDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon. p( J& {* U. ]
0 \3 R+ `; l' r6 l$ JAt the end of May, 11,006 residential properties sat unsold on the Edmonton Multiple Listing Service, according to monthly statistics released Tuesday by the Realtors Association of Edmonton.. e6 P# m; n. ~, K m
3 O0 ?: B, B; |* w' `9 B0 v& `
That's up 400 homes from a month ago, and 21/2 times the inventory of the same time last year. At the current pace of home sales, that amounts to a six-month supply, twice the normal inventory.
8 {# y- I6 z" ?( a
# u2 _; X7 A) _0 Z5 [( }, ^Good news, if you're a buyer. For sellers, it means waiting an average of 53 days for a sale -- up one day from April." l. }* _$ W' {7 P4 q1 y
* t! X) q7 r/ u- [( F. H"It's a great time right now to be purchasing, because the selection has never been better and the interest rates are low," association president Marc Perras said.7 Q% B6 T' s7 H. X! X E/ _) W) }
8 B7 L' S5 z* C, f3 y' C3 x- z2 N
Perras predicted the surplus will shrink to about 8,000 by the fall as homes sell or multiple homeowners rent out extra homes instead of trying to sell them.; m# \7 y) G8 e
6 o v( ^5 g+ h4 E$ CIn May, 4,294 homes were added to the listings inventory and 1,821 homes sold. May sales were higher than same-month sales in 2003 and 2004, but fell short of May sales for 2005 to 2007, during a real estate boom.
; P. D: Z5 N7 D. o, t' k3 s5 a1 b: K. R
Despite plummeting demand, prices have remained relatively stable.: W; k% s/ A V
; t8 I! Z# s1 L* JPerras forecasts home prices will rise by an average of four per cent by year's end.
5 |4 s+ h" v' T
. k% ~9 w4 f( J, XIn May, the average (mean) price for all types of homes rose one per cent from April to $340,499. That price is down about four per cent from a year ago.
( K# y3 u! G5 Q4 @+ j
% ^7 o# [5 Y; J+ {The May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.3 @2 v2 ^7 R# `6 K4 D' M
* n1 i1 g! a( [ M* W; F7 iThe median -- middle figure in a list of all sale prices -- selling price for a single-family home in May was $365,000, down 8.75 per cent year-over-year.
" p# ^8 ^" v* N# ^6 e; s
: A! m2 N$ D% t" AThe average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.8 D7 A0 _$ c. a+ M
, }4 r& \6 ?% A1 _! \
Paul Messinger, a University of Alberta marketing professor, said the Edmonton real estate market appears to be following an economic model that says in times of high demand, prices get bid up rapidly.
! ]2 t$ B+ u6 E8 K) s
/ m6 O# v; _+ f3 u8 G. J% _) VPrices are slower to drop when demand falls.
4 {+ j% y7 i& _! d
3 b3 Y9 E9 J- _2 e"Now, when we are back closer to historical patterns, we see an adjustment where the slack is taken up not by price but by the inventory," Messinger said.
' A; L$ y$ H1 s+ X2 d5 N9 v% Y: ^% b
"For years, Edmonton was one of the best real estate values in the country. Now we are much more in line with the rest of Canada in terms of price."
P$ n, t4 S& y: p$ t3 w4 q
/ J( f2 H) g# W bhttp://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a- M9 K9 l0 |+ q+ ~3 [3 h% J
% q% d( B$ X4 `3 ^0 r0 L" @[ 本帖最后由 circle 于 2008-6-4 08:17 编辑 ] |
|
狗仔卡
发表于 2008-6-4 07:10
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
