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Edmonton housing prices slip: B! J. d2 |" J' s4 F) C& N6 M9 P
Bill Mah, edmontonjournal.com
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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." I5 j' _1 s! g! {* Y
, L9 f/ ^, j1 r. J; q* jDetached 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 $27,455 - from April 2007 when the housing market was still simmering.
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"The Edmonton housing market is stable, and buyers and sellers seem to be coming to a realistic view of housing prices," said Marc Perras, president of the Realtors Association of Edmonton.
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"While the typical sale is completed at 97 per cent of the asking price, many sellers have had to reduce their price to find the level that would attract a buyer."7 q8 r+ Y) T& _& ]' ], U5 r$ n
! y4 X6 h% @; u' P4 Y# w8 u7 OThe 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 $316,065.* ^7 A: {# k* f
! q/ Z! X Y/ o, l9 UApril sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.6 N$ j$ p/ ]' x0 ^: t
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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.) m# t) k; p! D' E6 W
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bmah@thejournal.canwest.com# ^8 s5 m% A' i$ ]! }2 p
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© Edmonton Journal 2008 |
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