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http://www.edmontonjournal.com/H ... /1248520/story.html' a" b& n* r1 q( e- e: a# |
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EDMONTON — Edmonton’s resale housing market sales kicked off the new year by stumbling out the gate — with residential MLS sales down 40.5 per cent compared to January 2008.$ x( d3 v9 [1 O$ M) L j
$ ~/ I7 n0 f; x& P' O9 D0 }! mEvery indicator fared worse than it did in January of last year, showed Multiple Listing Service figures released Tuesday.5 T* k2 u; x. e" H d
( `4 o1 b/ ]" d- Total MLS sales plunged 40.9 per cent.8 Q) r4 j0 g) w: v1 _- m, _2 p: \
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- Value of total sales for the month was $265 million — down 42.4 per cent.& }# @! e7 n' A) H! o# o
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- The single-family home average selling price fell 7.1 per cent to $352,689.3 ~! D1 S( h) V# n. j& f
+ S/ I3 |2 S2 p+ Z' l' z- The average condo selling price dropped 7.5 per cent to $238,535.3 a* w' f$ y) W* \; f" G% D
2 ]8 H/ z$ F" y- In the single-family market, there were 502 houses sold, down from 767 in January 2008.) W0 r$ o, P/ t
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- For condos, only 189 sold in January compared to 363 a year ago.
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& s$ b9 u0 `6 o2 ?8 W6 x2 pFor all that, Charlie Ponde, president of the Realtors Association of Edmonton, sounded optimistic, if cautious.; G- q- s. L, q' `. I
N2 V8 q& [3 fHe looked on the bright side, the month-by-month comparison — January figures were modestly better than December’s gloomy statistics.4 c5 I% M' Z" R9 ^" H, ~
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Multiple Listing Service figures released Tuesday showed 730 residential properties sold in the Edmonton region in January, up from 608 in December.
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Sales prices were also up in all categories as compared to the previous month. The average price of a single-family home in January was $352,689 — up a quarter of a per cent compared to December. Condo prices nudged up 1.8 per cent to $238,535 and duplex/rowhouses rose 2.2 per cent to $299,222.$ `8 S( x9 k, ^" q3 j. l
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“Nobody rings a bell when prices hit the bottom,” he said. “The bottom is evident only after several months of rising prices. One month does not make a trend but the market is certainly welcoming to home buyers.”& k) |+ V3 @& V4 f9 ~
8 A$ H+ ?- H3 \He pointed to interest rates which have fallen to their lowest in years, a large selection of homes and recently introduced federal tax credits for home renovation and a change in the amount of RRSP savings that can be applied to a first-home purchase — now $25,000 up from $20,000. |
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发表于 2009-2-4 14:52