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Edmonton housing prices slip. z Z9 v+ W. R# z& \, P8 B1 F0 u8 O
Bill Mah, edmontonjournal.com) d# h5 t# s1 b3 f! I; v) v
Published: 1:42 pm
! ~! j8 u H1 r! C/ cEDMONTON - 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.4 U) {2 S: K! I' q/ `3 s5 ^
7 j$ d0 _$ w! J z# 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 $27,455 - from April 2007 when the housing market was still simmering.
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. Q5 B: r1 h1 T" T+ ~$ q u$ }"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." m/ b% u9 J( L) J U- |; P7 r
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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."
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: r: C9 _7 P! T" y; h; w/ @7 dThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.
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2 B/ D4 ]6 e: |" H I! TDuplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.
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April sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.
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The days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.# B5 {# `( }3 e& Z3 w# g, v! O
* P+ B8 d5 ^2 q& K, Rbmah@thejournal.canwest.com2 H; g: U& m# @# h: i
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6 W$ Z s/ z3 P5 j+ a% M© Edmonton Journal 2008 |
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