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Edmonton housing prices have largest one-month drop in city's history9 D- |) M5 ?; \" Y' W& v* g
Edmonton Journal; Q( b; b/ O c* q# ]1 B9 `
Published: 12:09 pm2 F( V& V/ D( _2 I9 l, _9 U0 @
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.+ q" R7 Y6 g {+ e, N2 n0 L" ?9 W& Z
7 c* h5 o6 ]' ?5 g+ _The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold." }( ?# J5 F9 m) t
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9 x& X; X/ n' p' VOne year earlier, inventory was just 2,138 units.$ ?, `! ?3 Q. y- c4 ?
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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.
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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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