[Aug. MLS Report] Edmonton housing prices continue upward climb

bryant

Edmonton housing prices continue upward climb
Edmonton, September 5, 2006: Prices of Edmonton real estate continued their steady climb after a brief respite in July. The average residential selling price rose 5.56 percent in August after a less than one percent increase in July. The average* price for a single family dwelling climbed 4.34 percent last month and condos breached the $200,000 barrier for the first time in Edmonton.
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According to the Multiple Listing Service®, the average price for single family dwellings in August was $316,480. Average condominium prices went up 6.3% in a month to $200,644 in August. Duplexes and townhouses sold for $262,327 on average – an increase of 14.7% from last month.

8 l! f# a7 T# _/ x: }' @6 s9 M“Despite price increases, we have experienced a record number of sales each month this year,” said Madeline Sarafinchan, EREB President. “This proves that homes in Edmonton are still affordable and available for most buyers.” Along with a record number of residential sales in August, listings on the MLS® were up 19% from last month and the inventory of available properties on MLS® rose from 1,856 in July to 2,138 (up 15%) in August. “Indications are that the market is cooling slightly and sales will not be as torrid as they have been so far this year,” she said.
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- |% p. Z  e& j. I) NAugust sales have increased each year and this year’s sales of 2,079 residential properties in August set a new record for the month. The sales numbers for categories of single family dwellings, condos and duplexes also broke existing records. Record sales combined with record prices have driven total MLS® volumes to new heights. Total MLS® volume so far this year is $4.43 billion which exceeds the 2005 year-end volume of $4.25 billion. Total residential unit sales are at 83% of last year’s sales even before the end of the third quarter.
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“Edmonton is unique in North America right now,” says Sarafinchan. “Housing has been undervalued and we are catching up to prices in other major centres. We seem to have broken through a psychological barrier and buyers are beginning to accept the pricing realities that we have witnessed in other centres.

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* Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. For information on a specific area, contact your local REALTOR®.

The Edmonton Real Estate Board, founded in 1927, is a professional association of over 3,100 Brokers and Agents in the greater Edmonton area. The Board administers the Multiple Listing Service®, provides professional education to its members, and enforces a strict Code of Ethics and Standards of Business Practice. The EREB also advertises property listings and publishes consumer information on the Internet at www.mls.ca and www.ereb.com, as well as in the Real Estate Weekly and on their website at www.rewedmonton.ca for the benefit of REALTORS® and their clients. The EREB supports charities involving shelter and the homeless through the Edmonton Realtors’ Charitable Foundation (ERCF).

August 2006 activity Record * % change from 2005
5 h9 Q4 I7 l* Z, FTotal MLS® sales this month 2,448* 10.10%
Value of total MLS® sales - month $675 million* 55.10%
Value of total MLS® sales - year $4.43 billion* 47.20%
! N% w* |% h8 G+ OResidential¹ sales this month 2,079* 7.50%
" m5 d0 F8 V% g- y. CResidential average price $270,746* 38.10%
/ t9 D* ~+ L5 @1 w+ {6 c* DSFD2 average selling price - month $316,480* 41.90%
SFD2 median3 selling price $303,000* 44.30%
Condo average selling price $200,644* 34.20%
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¹. Residential includes SFD, condos and duplex/row houses.
3 p/ w8 `+ n8 z². Single Family Dwelling
1 Z  x- k' o* e% p* }³. The middle figure in a list of all sales prices
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[ 本帖最后由 bryant 于 2006-9-5 15:39 编辑 ]