 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history
: Z+ L7 O' O6 a3 E* Q) ~! }Edmonton Journal* o6 z* M9 C. _ o2 s" \
Published: 12:09 pm
; h, p, N8 E) X5 p& F% h$ LEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
6 N) ]. y9 [* `( }' j
; ?- R( H$ K0 C6 F" D- t: B; xThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
3 S, W. N. h5 j7 }& S& n1 N1 p
, m+ p$ J6 v. M& }Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
, \/ w- @3 C; E! K
4 n# a1 B& w% V4 R% B# K
) T* D1 D) E6 Q- [One year earlier, inventory was just 2,138 units.
. O2 N9 [$ [7 U1 m- ]
1 h0 K& E# G" z& CWhile 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.
7 x C. l, `) N0 p( ]7 h8 Z6 _( \' ?4 g
Average 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.6 {, U N( B. M. Z. ]: @3 q
* @4 P' G9 h& i7 pPercentage-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 $10,720.+ Z6 z" i4 R. J) O
% o9 W' n/ @* n5 Z
+ c6 ?/ W, b' A# i! K2 l/ @2 a. N2 `
# u& U6 x; c- o7 I( r$ l: t
© Edmonton Journal 2007 |
|