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Edmonton, May 5, 2008: The REALTORS® Association of Edmonton reported that the average price for single family homes dropped less than half a percent after three months of small increases. April sales of all types of residential property through the Multiple Listing Service® were lower than the two previous years at 1,823 units but higher than the more typical years of 2004 and 2005.% a7 i* _( M$ e8 P
& M# e' x" Z/ ?% H5 u0 M9 g9 ~“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. “In this market, with a very high inventory, pricing is a key component of a successful sale.” While the typical sale is completed at 97% 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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C/ a2 l/ g, x9 [, M3 w5 s1 jSingle family dwellings sold on average* for $386,033 in April just 0.4% down from the previous month. SFD prices are still 6.6% lower than April 2007. Condos sold on average for $256,947, a decrease of 2.3% from last month. On the other hand, duplexes and rowhouses sold during April were priced 2.3% higher at $316,065 on average. Overall, the average price for all types of residential property was down 2% at $336,931 when compared to March and down just 2.1% from a year ago.
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There are 10,606 residential properties currently available on the MLS® (up 12% from last month’s record inventory). The average days on market was just 52 days; up one from March. There were 4,471 residential listings during the month and the sales to listing ratio is a low 41%. Total residential sales were $1.99 billion and total MLS® sales were $2.3 billion.2 ]' m9 {- g( c2 m
4 d3 n/ ^$ r7 Z4 H“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.- i- ?4 A+ Y' q1 A* J
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Highlights of MLS® activity# o4 V3 _3 ?0 m5 j% ?
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April 2008 activity Record for
) B( @* l' _; g! i8 t+ e: qthe month* % change from% p. y) Y" M. q c" Q' j7 g: k
April 2007
' E# j1 h5 ?6 i1 gTotal MLSsales this month 2,047 -25.80%
3 k$ s3 k' J' S: T1 S9 U8 qValue of total MLSsales – month $699 million -28.80%
, P" _5 C+ i' A/ k% r2 MValue of total MLSsales – year $2.27 billion -27.50% 7 X* n% S1 B* t- F4 p" N' K+ }
Residential¹ sales this month 1,823 -25.30%
1 h6 K! E a3 X; D& N) X+ {Residential average price $336,931 -2.10% 0 U; c6 |3 W& ?) N( J8 s
SFD² average selling price – month $386,033 -6.60% 3 E `. y; Z; W1 `, }
SFD median³ selling price $372,500 -6.60%
, \$ u% @! p0 J. t3 wCondo average selling price $256,947 -1.60% |
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发表于 2008-5-5 21:16
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发表于 2008-5-6 09:37
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