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Edmonton housing prices have largest one-month drop in city's history; v7 B/ j3 V9 O$ l+ I7 I
Edmonton Journal+ y( ]) }. p% i0 ^2 E! v1 @% y
Published: 12:09 pm9 n( j3 T% c1 Q
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.3 E ?0 C/ j* J. @ N
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.+ G' ^/ _ h# }. z5 @+ a
* j, c+ \* e! s, }% [Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.. s; S, ]# t+ |% r1 e+ s3 B& |
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7 I. Q i' X/ C+ GOne year earlier, inventory was just 2,138 units.2 o8 Q" d" m3 ^0 N2 [' W% `3 b
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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.- u3 c3 p9 A2 {3 E9 {4 w `4 d
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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.
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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 $10,720.- u$ p8 E! ^( ?. ]
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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