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Edmonton housing prices have largest one-month drop in city's history
' Y! A- u) Y, Y- s& EEdmonton Journal
: b+ z5 W X$ d2 SPublished: 12:09 pm
# I+ g& T' f' CEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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2 Q8 V1 b0 I' K: qOne year earlier, inventory was just 2,138 units.. d/ E" a, |$ P- f; j" X& {
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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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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.1 _/ Y7 p. n" |1 y ~( v( c7 r1 D- ~
* @. x. y9 g0 b, MPercentage-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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: r" e/ _0 A9 K, }9 [* U, p© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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