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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., Q/ n+ U' y: g0 i
+ U3 e- j5 @, p \9 O" Z5 }“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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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.( V6 I& y/ ?. o! l9 Q, B
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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 $2.3 billion.: P$ z# O# ^8 \2 B/ l2 V4 L1 M
- S1 x F7 N0 \' s“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.
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Highlights of MLS® activity
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April 2008 activity Record for0 k) Y# i& x# k
the month* % change from/ ~% P" ~$ B' a0 g, F, e
April 2007 * X! ~3 f& W5 r! Y+ v/ N
Total MLSsales this month 2,047 -25.80%
! g: S$ C8 z# [5 `+ s a M+ FValue of total MLSsales – month $699 million -28.80% 5 [8 \) V# M& m- y
Value of total MLSsales – year $2.27 billion -27.50%
$ F" u. k3 x8 H. H; K/ P9 ^Residential¹ sales this month 1,823 -25.30% $ B, k. t/ d4 E2 ^0 k9 w' L4 [
Residential average price $336,931 -2.10% / y V) `& Q. |7 g9 [( }9 C
SFD² average selling price – month $386,033 -6.60% $ `, n; w# P: S7 [% R3 U$ }$ f
SFD median³ selling price $372,500 -6.60%
" m& Q; d% y3 i6 G- {, B5 n( X' ECondo 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
