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Edmonton housing prices have largest one-month drop in city's history
) `0 e! o# _/ H9 u+ M) vEdmonton Journal8 k5 K. \ a5 d
Published: 12:09 pm! y6 U) l9 m* N0 j
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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5 K8 u) \6 \% H, M0 o& g6 DThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.8 ]9 q1 ^) ?) F
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units.9 {( R; _. v) O) c) S3 A" P) C
3 |( U- C- b) GWhile sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.0 N$ {1 P) n% y- A4 P4 R
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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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( m4 x" F: Y0 h1 c- r- T- [© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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