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Edmonton housing prices slip/ m4 ^% b9 T- b7 \2 C# D% S$ F( W
Bill Mah, edmontonjournal.com
3 X: I- `( J, H. t9 W) uPublished: 1:42 pm6 Q5 \5 a) I' t( i, V1 i
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.: z6 j8 K' m- [, a1 _
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Detached 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.6 _8 r' Z- ~+ X
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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."% |* [" d: S' O
9 l- }& c% [, cThe 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 $316,065.$ r F! j& r: G8 }7 X8 d8 c
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April 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 22.6 M& Y. E3 E9 z
% t6 B. D" }6 ]9 {, pbmah@thejournal.canwest.com+ L' m+ C+ E ?% B* K: w
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© Edmonton Journal 2008 |
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