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EDMONTON — Prices for single-family homes in the Edmonton region dropped while condo prices rallied in December, according to figures released today by the Realtors Association of Edmonton./ J) C; c& w* t- q
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“That’s a 180-degree twist from what we saw in the month of November,” said outgoing association president Marc Perras.
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% C9 F+ i$ z- m7 y4 D9 Z2 r; _The average price for a single family home dropped by three per cent to $351,870 after remaining flat for two months. That’s $30,000 less than the average price of a single family dwelling at the start of 2008.& Y6 U- u% @( j. |4 q5 H, @% A7 V1 T
) j3 e, F" D- i" ^) A& p @Condominium prices — which fell more than eight per cent in the previous two months — edged up 1.2 per cent over November.
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1 g# d$ U4 c3 xOver the year, condo prices dropped 7.5 per cent from $253,270 to $234,286., `9 r" E9 p) x% b
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At the end of December, there were 6,316 homes in inventory. The sales to listing ratio was 46 per cent and average days on market was 65, up two from November.
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Residential sales plunged by 29.1 per cent in December to 608. Perras blamed cold weather and global economic uncertainty.
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“Who wants to tour homes when both your toes and your portfolio are frozen?” Perras said.9 |) Y) M3 w3 ]! A6 d
* _! u3 p' j( d' f: QNeither Perras, nor incoming president Charlie Ponde would release a resale market forecast for 2009 until a news conference scheduled for Thursday.5 H& @0 l$ x* f% a+ b
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But one real estate company predicted Tuesday that after months of sluggish sales and slipping prices, Edmonton’s housing will return to “a normal state” in 2009.
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The year will bring stable average house prices and gradually increasing sales, according to the Royal LePage 2009 Market Survey Forecast." | ^" P2 j& k1 Z7 h
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“The combination of healthy employment levels, historically low interest rates and good affordability — something the city has not seen in a while — will all bolster Edmonton’s housing resale market in 2009,” said the survey.1 p! F2 W( u$ V
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The report predicts the average local house price to hold steady at $333,000 this year. The number of homes sold is expected to increase by three per cent to 17,825 units, it said.
5 J; _# \! z5 a R5 BThe company added that a glut of homes that burdened the market shrank in 2008 and will get smaller in 2009, putting Edmonton in a balanced market.) [ }8 M& {. X: F: V
7 J' ^% D9 [; d“Nationally, Canadian average house prices are forecast to dip by three per cent from last year to $295,000, while transactions are projected to fall to 416,000 (–3.5 per cent) unit sales in 2009,” the report said.
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7 A! i o5 C$ S1 B/ w [* iMeanwhile, the Realtors Association of Edmonton will release a recap of the housing market this morning and a forecast of 2009 on Thursday. |
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发表于 2009-1-6 14:55
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