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Edmonton housing prices have largest one-month drop in city's history( `: t- W) I* M! g8 \0 X& `7 W# w% g$ o
Edmonton Journal# m; ], ]& T3 d" s9 V0 G2 ?
Published: 12:09 pm% _& ?$ l9 }+ m) y' S( E
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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5 E% f5 x4 f+ W1 j* @5 o3 pThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.; ^- m3 U$ Q2 p7 A* I
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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.8 \& R- d& O) s( \7 w8 H
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One year earlier, inventory was just 2,138 units.# v, J- T4 w8 N. a. {8 w/ u! D
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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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" j- O& l' F/ D! O* Q$ 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.
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* h L& F' N5 c6 }1 SPercentage-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 $10,720.7 Z+ l% l. y# O2 w$ S, r. G: Q x
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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