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PRIYA SHARMA
Century 21 Signature Realty
#207, 2920 Calgary Trail NW, Edmonton, Alberta
P: 780-485-2100
F: 780-485-2180
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Wednesday, May 4, 2011 - Edmonton house prices steady in April

 

EDMONTON - House prices were little changed from March, while sales were down slightly and the number of homes on the market rose during April, the Realtors Association of Edmonton reported Tuesday.

The average price of a single family detached home in April was $379,075 with a median price of $357,000, down just a few hundred dollars from March. Condo prices averaged $234,220 — up about $1,300 — while duplexes and townhouses rose by 2.3 per cent from $294,585 to $300,906 during the month.

Overall, sales were down by 7.8 per cent to 1,487, while the number of listings rose to 3,278 in April.

The inventory of homes on the Multiple Listing Service rose by over 300 to 7,215 as of April 30.

“The increase in new listings means that there is a good selection of homes to choose from. However, the market is still price sensitive and sellers will have to have a realistic pricing strategy if they are expecting a quick sale,” said association president Chris Mooney.

The average days-on-market in April was 49 days. The residential sales-to-listing ratio was 45 per cent in April and total MLS® System sales were over $1.822 billion for the year so far.

posted in General at Wed, 04 May 2011 07:28:41 -0600



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