Edmonton housing prices slip

水管工

Edmonton housing prices slip
9 \1 k* X! {, l7 E* H2 L5 JBill Mah, edmontonjournal.com
$ X( H- x+ n) b" wPublished: 1:42 pm
, a$ I5 L8 r" L3 h9 hEDMONTON - 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.
( g' Z# Y3 u) M! Q
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.

+ }! G9 l$ O) B- x1 Z7 n8 s8 h"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.

& ]$ `( {' h- b* F"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."
0 `9 o6 M. F/ i% c: w
. O3 k5 H1 \* p2 M' I$ fThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month.

0 j0 [( y) `7 a) W/ q4 B- ADuplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.
  y5 O5 H8 Y" ^' j8 a( I- m* [4 b
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.

* N* u) P9 d) dThe days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.

bmah@thejournal.canwest.com




$ ^+ E: B/ P* |* M4 c' t9 W' g© Edmonton Journal 2008

zhucalvin

中国狼

白水