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Edmonton housing prices slip
2 _/ ?/ A6 _8 H3 G) g. z! `Bill Mah, edmontonjournal.com9 U. \* U* f& S$ M
Published: 1:42 pm. s) q5 M' K, _8 F( q+ Q
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.# e! Q: _" u. T9 D% r
6 W0 N, A) \( W+ W4 l: oDetached 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 $27,455 - from April 2007 when the housing market was still simmering.: O5 X# X2 L w' l! q
5 I4 A$ L. G5 J. c"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.
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; o0 i& G/ z( s) P"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."0 r" B4 ?) M6 a6 r& @' z
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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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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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6 F! K7 R2 ^& Q0 GApril 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.
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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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bmah@thejournal.canwest.com0 t( Z9 f# v: ]6 @1 ]* M4 m! Z1 L
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- E1 H: B- H/ E6 V0 e© Edmonton Journal 2008 |
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