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Edmonton housing prices have largest one-month drop in city's history m3 W- T9 f: g. n+ \# O1 @$ o+ ?, X
Edmonton Journal
6 y D$ K1 m' A! |3 ?* W+ rPublished: 12:09 pm! }9 I% p# r C
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history./ _7 J0 l5 v, E# I
3 ]2 g- l9 P/ c! vThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.. V/ W4 G( w9 i, ^- f9 |4 ?
. N- ~/ |$ I% mInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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1 G/ d" h4 j) uOne year earlier, inventory was just 2,138 units.' q. W( K# V4 W2 u* y
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While sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday., a2 \; |- H9 v' O) W" |' a
7 }/ T* u& U; [1 b$ B9 zAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.0 z( t, n0 q* Z i8 A
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Percentage-wise, home prices have fallen more steeply in earlier years. From December, 1994 to January, 1995, average prices fell 6.5 per cent to $106,645. From June to July, 1984, they fell 7.9 per cent to $75,800. From February to March, 1964, they fell 23.1 per cent to $10,720.
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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