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Edmonton housing prices have largest one-month drop in city's history
$ M( r6 d$ Y, [+ o' \6 K# j5 zEdmonton Journal* ^! y2 U l9 j% b
Published: 12:09 pm T( X7 z. F0 J& B. j/ h V
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.' S" [! s5 C! T/ T! m, J" J
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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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; V. \1 a X9 ^. vInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.. M, O% l' K& e1 w
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8 J# k* m; O8 N* @( ~One year earlier, inventory was just 2,138 units.
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7 h7 S1 k4 r/ K) G: S. P: U- IWhile 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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% `2 s( }7 _2 V7 p) AAverage 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.
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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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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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