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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.+ A' U9 G5 S# o$ Q, m
5 F( O5 z0 H) ^4 t; B; l4 R& q0 x“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.* M/ |& h7 U }) M \) V8 n& J; L' K
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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.
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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 $2.3 billion.
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“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.3 F6 Q5 G! ]9 H J5 t: G4 M
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& r1 z: U! R( G( aHighlights of MLS® activity# W1 N u, p" {! `& M" h
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April 2008 activity Record for
1 J! O& f$ Y( rthe month* % change from* s3 j- P4 e+ k5 U5 k
April 2007 / d2 A4 @1 a9 h) g
Total MLSsales this month 2,047 -25.80% ; W+ W5 r* k- p" h
Value of total MLSsales – month $699 million -28.80% % ]+ `) ]) O+ i8 [ r4 p* M
Value of total MLSsales – year $2.27 billion -27.50%
; J7 r" ?% R. g0 gResidential¹ sales this month 1,823 -25.30% 5 ~# W9 w( _6 n! k5 q9 P5 F1 T
Residential average price $336,931 -2.10% - a1 e8 a2 t+ Z2 I i% ^" n9 x/ p ~
SFD² average selling price – month $386,033 -6.60%
1 x9 F% ?% L1 {5 {3 ]7 p# ~( TSFD median³ selling price $372,500 -6.60%
7 W ]$ |& U, _3 tCondo 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
