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Edmonton housing prices have largest one-month drop in city's history8 X- ^9 Z3 ~5 h1 Y1 i
Edmonton Journal) Z% C$ U' e2 @% l. f
Published: 12:09 pm
# s- m7 H- Z" ]2 c) {+ tEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.1 l% ]! f+ e2 f8 P( D! O: }
/ [) Y4 P- o- a- n6 S: ~Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.% M' B( Z9 ~% p, l5 p2 W( N
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3 a5 q0 O' m% O& B1 C. Y& OOne 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.
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4 [: o7 ~8 S( BAverage 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.& l, F3 d* \' n2 D9 e
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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./ |+ `; t2 K' e" N" E, @; [4 m
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- m. A; k4 i) B© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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