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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.
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: m2 k6 t# L) Z3 v' I, E“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.% s7 w6 |6 o; P+ X' }8 y2 \- U
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Single 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.5 ]& `" M( W4 n9 r
5 m% [8 Y6 H& l. Z3 W2 a& Y6 ?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.5 W e% j7 C" N6 A9 G5 I
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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.2 `* [: ^# V6 a9 I2 m
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0 B0 K" j1 t1 r t# P3 Z' Y6 lHighlights of MLS® activity
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April 2008 activity Record for
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April 2007 ' E* I' s% c _. E
Total MLSsales this month 2,047 -25.80%
' \2 n* u: s* g2 KValue of total MLSsales – month $699 million -28.80% 0 Y: q2 Z/ T- v" O
Value of total MLSsales – year $2.27 billion -27.50%
3 F+ f5 ]+ L5 Q2 P9 V: wResidential¹ sales this month 1,823 -25.30%
" q7 ^" ~/ O! q. Q% TResidential average price $336,931 -2.10% ) w% ~* c: ?2 i3 ^. I0 u. Q
SFD² average selling price – month $386,033 -6.60% R: ~3 H% {2 V1 K& b" F
SFD median³ selling price $372,500 -6.60% - L. ]. X- {# _) C% N2 j
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
