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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 2005.4 I" [" G/ B" B' s% f0 d
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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. “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.
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8 n( Y% C$ A8 C. v2 N" mSingle 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.
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6 w. E5 ~: W1 E- f1 {8 ]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 $2.3 billion.# J5 ~1 K' F! _$ i) `0 w1 B
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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 b2 O+ s( U" }: P% i2 G5 V
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+ s3 u2 p; `9 `% Q. e* IHighlights of MLS® activity: \; M) l2 o: e; o7 J
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April 2008 activity Record for
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' c& E* ]+ C5 ^( M8 JTotal MLSsales this month 2,047 -25.80%
3 S: ^4 b% M J1 q" G8 }/ QValue of total MLSsales – month $699 million -28.80%
/ i0 O* [' u, k, yValue of total MLSsales – year $2.27 billion -27.50% + K1 `7 r1 f" X9 u" F9 Q9 t& r2 _! o
Residential¹ sales this month 1,823 -25.30% - v+ b4 P, l# t/ E5 w) A& ^: j
Residential average price $336,931 -2.10% 8 M8 i4 }7 D% q: \
SFD² average selling price – month $386,033 -6.60%
# u1 u0 [ M- U7 qSFD median³ selling price $372,500 -6.60%
3 a9 Q. `& e1 O2 _- M0 S ZCondo 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
