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Edmonton housing prices have largest one-month drop in city's history7 d, T# u! c1 B) F
Edmonton Journal. H6 X% h/ b# g( }6 t5 v
Published: 12:09 pm
0 z2 K% K3 H7 T8 HEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.# i) Y; ^- l3 C! X! r: u7 ~/ c+ S
. ^* W8 {, F$ wThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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) S. k7 z5 ?& I( u0 Z, {" J) uInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.: r6 r+ A+ }) S
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1 h5 s: b2 S+ S+ U. EOne year earlier, inventory was just 2,138 units.
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While sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.& i5 X$ F# I5 T1 D' N, t
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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.2 t. {% C# X/ |( s" _* a g8 @
% F" C4 a4 |: f: G6 e( D3 A: DPercentage-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 $10,720., i- H% Z9 a/ _$ f& b
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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