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Edmonton housing prices have largest one-month drop in city's history5 o6 V6 `2 @) ?
Edmonton Journal+ _) O1 [* o3 U1 l1 D# C/ S6 x% u$ d
Published: 12:09 pm
3 Z/ K" `& M7 V/ C2 P# ^+ C {Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.7 v" `) @2 h6 w0 z) P$ I
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.( c$ S9 |2 c$ j. y
& Y G3 F* Z% f% l1 _Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.' i9 H0 u/ I/ m a/ l* x
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2 x! b7 l) F1 f& h5 tOne year earlier, inventory was just 2,138 units.3 Q. Y- O, Y. k- y! S* y6 P" G
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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.
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% t) A" P- K! `' {% S; S: gAverage 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.+ @# H" ~8 l+ b9 f# `5 Z3 G
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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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' S& D0 [& j: l/ k; H© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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