 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history6 l# t5 V V2 ~
Edmonton Journal4 C) e' `" a( ^2 Y
Published: 12:09 pm
% p, ^" v. m# y" ^% R0 e% SEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
9 J( {7 @) A; H5 E# A
/ W& `: y" o# D3 f" qThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
" y2 v* M/ q' k' d% C& H _0 [- X2 l
7 q, i! r( V* I$ ?9 ]5 DInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.& @" B2 y6 C5 d3 ]9 Y
/ ]" r* B: K0 F! J& k8 D1 T1 Q" `: a) [9 ^8 t t2 E- e; V1 ~
One year earlier, inventory was just 2,138 units.
+ b! n# d, O8 I3 |7 c2 S) e! g) R" y' R" a; @2 ?3 r! C
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.
9 g% `# R" F; p+ T7 }. X
6 W1 \8 _1 M6 W0 ^: PAverage 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.
9 {- i' O2 |/ t7 s( `+ }5 Z7 ]! H' j1 D. N/ T& Y/ [
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 $10,720.
, K+ v+ r U! X8 \7 ~% _0 r$ w0 s) B8 x- ?6 i& t
3 t. E: [" P) |9 b1 v- n' g7 x( ~7 @4 D$ K
2 {5 |5 Z& J6 n2 T© Edmonton Journal 2007 |
|