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Edmonton housing prices slip
& ~ L: \- b* }8 o- k+ J2 qBill Mah, edmontonjournal.com
2 a+ p3 [* m6 f: fPublished: 1:42 pm
0 v; x4 b& | gEDMONTON - 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.
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* _/ D# Y0 _( b$ ?. }Detached 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 $27,455 - from April 2007 when the housing market was still simmering.
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"The Edmonton housing market is stable, and buyers and sellers seem to be coming to a realistic view of housing prices," said Marc Perras, president of the Realtors Association of Edmonton., [$ o8 l* t; W( P! c3 d% {. i% w
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"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."
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The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.
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$ \. m3 ?1 ?: {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.: U; f5 s4 n2 g9 N- e# V3 W
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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.
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+ K7 Z4 f- f8 @; d6 X: X3 Ebmah@thejournal.canwest.com
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4 @! W! P" i2 W; r! w, |© Edmonton Journal 2008 |
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