Century 21 Reward Realty
330-5 Giroux Rd, St.Albert, Alberta
P: 780.458.2589
F: 780.458.1515
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Wednesday, April 29, 2009 - Could the Tide be Turning? or is it Ebbing and Flowing?

POSITIVE MARKET INDICATORS:

* The Average Price of Single Family Home in March was $349,716, up 0.7% from February's $347,309
* March Month end Listing inventory was 7,476 residential properties (down from 9,464 in March 2008)
* Average days-on-market was 56 days (down five from February)
* Condo prices increased 1.6% in March to $230,469, after a 5% drop in February
* The average price of a duplex/rowhouse was $276,776.
* The sales-to-listing ratio was 48% versus the 30% we have been experiencing

With unheard of low interest rates that could last for a year to two years, we appear to be moving in the right direction.
posted in General at Wed, 29 Apr 2009 10:55:01 -0600



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