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Edmonton housing prices slip

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发表于 2008-5-5 13:05 | 显示全部楼层 |阅读模式
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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.
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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 Q# h2 u) n  y6 y

+ }! 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.% I( q; \/ }0 |* Y+ j; k" y

& ]$ `( {' 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."
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. O3 k5 H1 \* p2 M' I$ fThe average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. 6 c9 i$ g! E* i

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.
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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./ e% f) d( p3 c6 a( z

* 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.. d- c: c0 m  x' n2 ~) e
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bmah@thejournal.canwest.com! e8 R! \9 F6 j& S  B3 t' @& s! k
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$ ^+ E: B/ P* |* M4 c' t9 W' g© Edmonton Journal 2008
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