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Edmonton housing prices have largest one-month drop in city's history, R; [; \0 B) q2 W8 g
Edmonton Journal8 L& L$ ]2 t5 C4 _, x( d
Published: 12:09 pm' q7 r' A' S0 b! b- U& x+ }; U
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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! i6 x" G. H6 j3 }The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.% \( B: ^- J; N4 m' E
$ Q9 p; u0 c3 x$ Q$ b/ x2 lInventory 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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. [4 R2 y+ n/ w- O/ S7 i6 WOne year earlier, inventory was just 2,138 units.
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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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& Z! U ^% a3 ]# j( L8 s9 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.0 a1 k3 w+ f1 g5 `- P4 F8 h- q) A
+ B7 R' L6 {2 A7 rPercentage-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 $10,720. `/ }$ B% N1 }0 c' O% l9 Y! B
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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