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Edmonton housing prices have largest one-month drop in city's history
6 D: Y! y! I# O" A9 qEdmonton Journal4 I+ N: h/ b0 m
Published: 12:09 pm; C8 O& G+ S! ?1 b, u& V- M
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.8 q% s0 m$ z/ g P8 A5 N) p( n, ^
& a y% V2 h2 R% u! y. zThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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3 z( n/ ^" p: r$ K5 q) _5 lInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.+ p6 N( W* Y% m- D/ q
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One year earlier, inventory was just 2,138 units.6 C8 R9 o. k) Z6 F6 ]1 l1 U2 A
; p+ g9 l1 G- A% m: H. E7 _% `6 N- K) jWhile 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.: l& e3 \/ h5 a& I- J- p% A1 ~
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.$ F b& P# @* ]
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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.& ^0 \+ o3 M+ j l1 e
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) ]* G3 x2 j, G2 s© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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