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Edmonton housing prices have largest one-month drop in city's history
" O2 N+ o( E/ W0 G9 q) b: R7 ?( FEdmonton Journal$ v4 P* a) {* U; A9 ]& _+ A$ s( |7 r
Published: 12:09 pm
( \+ r# h8 F2 _1 EEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.+ H. |% _% O; J7 y8 C5 N
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.2 s0 S" p6 Y# O. `
2 \" Z2 U' i7 LInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.! v# p) `- J+ p5 R" A3 z: i
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5 V( U- v# d. l5 a6 U4 e; E5 AOne year earlier, inventory was just 2,138 units.
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: ]% v; l- i& x" ]# L, NWhile sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.$ {* T; P8 Z/ |- i2 R( e
1 H& K; p$ K* Y3 y1 \- hAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.# A- G9 d2 H$ V+ k, o- H; E
% Z9 f' X4 M6 _( {- A3 }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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