Edmonton, May 5, 2008: The REALTORS® Association of Edmonton reported that the average price for single family homes dropped less than half a percent after three months of small increases. April sales of all types of residential property through the Multiple Listing Service® were lower than the two previous years at 1,823 units but higher than the more typical years of 2004 and 2005.

“The Edmonton housing market is stable and buyers and sellers seem to be coming to a realistic view of housing prices,” said Marc Perras, president of the REALTORS® Association of Edmonton. “In this market, with a very high inventory, pricing is a key component of a successful sale.” While the typical sale is completed at 97% of the asking price many sellers have had to reduce their price to find the level that would attract a buyer.

Single family dwellings sold on average* for $386,033 in April just 0.4% down from the previous month. SFD prices are still 6.6% lower than April 2007. Condos sold on average for $256,947, a decrease of 2.3% from last month. On the other hand, duplexes and rowhouses sold during April were priced 2.3% higher at $316,065 on average. Overall, the average price for all types of residential property was down 2% at $336,931 when compared to March and down just 2.1% from a year ago.

There are 10,606 residential properties currently available on the MLS® (up 12% from last month’s record inventory). The average days on market was just 52 days; up one from March. There were 4,471 residential listings during the month and the sales to listing ratio is a low 41%. Total residential sales were $1.99 billion and total MLS® sales were $2.3 billion.

“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.

Stony Plain, Edmonton Area  -  Announcing a price reduction on 335-53319 RR 31, a 1,100 sq. ft., 1 bath, 3 bdrm manufactured home. Now MLS® $299,900 CAD - .

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• 1,517 sq. ft., 3 bath, 4 bdrm bi-level - MLS® $574,900 CAD

Northridge Meadows, Parkland County  -  Newer 1517 bi-level on 3.26 acres with a walk-out baseent located a few minutes north of Stony Plain in a pristine setting with trees and a slightly rolling manicured lot. Many features in this home including 2 fireplaces, 10' ceilings, a large kitchen, walk-out basement, large deck and ceramic and hardwood throughout! What more can you ask for, 5 minutes to Stony Plain and Spruce Grove, 25 minutes to Edmonton!

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• 1,080 sq. ft., 2 bath, 2 bdrm bungalow - MLS® $349,900 CAD - A Hint of Luxury Living

Brookwood, Spruce Grove  -  This beautifully renovated 1080 sqft bungalow offers over $50,000 worth of upgrades and features that can be found throughout this home. There is a new mid efficiency furnace, a new air filtration system, fresh paint, new kitchen cabinetry and counter tops, new flooring including hardwood, and upgraded vinyl, there is a new natural gas fireplace with a beautiful stone surround, and the main bathroom is a must see featuring a Jacuzzi tub and a jetted shower, this bathroom you would only see in a Luxury Home! The owners have taken the wall down that formed 2 bedrooms upstairs to make this Master bedroom a very spacious and trendy 11'9" x 17'7" Masterbedroom! This NOW modern kitchen offers brand new upgraded hardwood inspired vinyl flooring, an abundance of new white cabinetry including an excellent pantry cabinet, there is an oversized stainless steel sink overlooking a new Bay window into the backyard, a ceramic tile backsplash, new counter tops, a flat Counter-top Stove, double built-in ovens! Must-see! This quaint Bunglaow at a great price lets you experience a hint of Luxury.

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Belvedere, Edmonton  -  Announcing a price reduction on 6311 132a ave, a 1,094 sq. ft., 3 bath, 5 bdrm bungalow. Now MLS® $339,900 CAD - .

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Callingwood, Edmonton  -  We invite everyone to visit our open house at 407-17011-67th Ave on May 10 from 2:00 PM to 4:00 PM.

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Callingwood, Edmonton  -  We invite everyone to visit our open house at 237, Callingwood TWO on May 11 from 2:00 PM to 4:00 PM.

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Belvedere, Edmonton  -  We invite everyone to visit our open house at 6311 132a ave on May 10 from 2:00 PM to 4:00 PM.

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• 1,519 sq. ft., 2 bath, 3 bdrm manufactured home - MLS® $299,900 CAD

Cheyenne Estates, Stony Plain  -  New 1,560 sqft 3 bedroom with full ensuite of Master bedroom on just over 3 acres 20 minutes west of Stony Plain! Huge kitchen with island featuring a sky-light, dining area and walk-in pantry. The Livingroom has vaulted ceilings with lots of natural lighting. The Master Bedroom has a huge 4-piece Ensuite with a jetted Jacuzzi tub and also a walk-in closet! Your kids can have their own bathroom which is adjacent to both bedrooms on the other side of the home. This home in NOT without a garage! This Double Detached garage is insulated measuring 24'X 28' with a metal roof! This yard features a natural setting with a fire pit and storage shed. Have a dog? This home is set up for that, too with a dog run! This home is only minutes to Alberta Beach which is a very interactive community with year round activities for the public to enjoy including winter carnivals. If you are an avid snowmobiler or even just for fun you don't to miss out! Never ending trails to take the family out quadding and snowmobiling. This home has a 10 year warranty remaining on it!

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Cheyenne Estates, Stony Plain  -  The manufactured home at #4 Cheyenne Estates has been sold.

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Belvedere, Edmonton  -  We invite everyone to visit our open house at 6311 132a ave on April 26 from 2:00 PM to 4:00 PM.

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Royane Martell is filling the role of an unlicensed Assistant to Brenda Dubilowski.  Royane has what it takes to help Brenda to get the job done and to help keep Brenda face to face with her clients resulting in an attentative & professional atmosphere with clients, but with that personable flare that clients admire and love the most about Brenda.

Soon you will be hearing much more about Royane as her short term goals are to become licensed and work right along side Brenda as her Licensed Assistant and Buyer's Agent!

"What has captured my attention most about Royane is her genuine character and honesty & integrity as not only a person, but also as a business woman.  Royane strives to be the best that she can be both in and out of the office and that's what I look for in somebody who is joining my team.  It's been a great pleasure getting to know Royane and we are actually becoming great friends which is going to actually fuel an already terrific team spirit.  The very first thing I look for in somebody who wants to work with me is their honesty and integrity, that is my utmost important rule in working in my business.  If you only worry about being honest and true in what you are doing then the rest will naturally come and you will have nothing more to worry about.  Having already 'repeat clients' and referrals in my business proves that giving an honest and trustworthy service rewards you with clients for life.  I look forward to working with Royane and succeeding together as a team!"

Check out more about us at http://www.BrendaSells.net on page My Team

Cheers!

Brookwood, Spruce Grove  -  The 2 story at 142 87 Brook wood Drive has been sold.

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• 1,100 sq. ft., 1 bath, 3 bdrm 4-level split - MLS® $289,900

Callingwood, Edmonton  -  Your own driveway with carport! This 3 bedroom 4 level split is a must see with hardwood floors throughout finished off with ceramic tile. This home has been brought up to date with style and class with a finished basement including a family room with huge windows. The extra room in the basement has a roughed-in bathroom for toilet, sink and shower/bath tub. As well this home has a Reversed Osmosis' water filtering system so you don't have to spend money on bottled water! You have unlimited amounts for your everyday usage. This stylish home includes a low-maintainence backyard with a relaxing and picturous setting full of surrounding flowerbeds. The location of this home doesn't get any better with shopping, schools, playgrounds, its all there. A 30 minute bus ride takes you straight to the University of Alberta. In this market, don't settle for less, this home has it all the same as a house, but an easier and convenient lifestyle allowing you to spend your time YOUR way. Come home,it's vacant.

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Callingwood, Edmonton  -  Announcing a price reduction on 237, Callingwood TWO, a 1,100 sq. ft., 1 bath, 3 bdrm 4-level split. Now MLS® $289,900 - .

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