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Edmonton housing prices have largest one-month drop in city's history6 G# f1 _( e2 c7 {; T7 a6 e, c
Edmonton Journal
! X! w3 u4 x, RPublished: 12:09 pm
' A" l2 x- z: X& xEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.9 b: }( Q; P+ N2 U
6 l' @( k0 [- Q# N2 g! v# UThe 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.
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, m5 q; h& M' V+ O: \9 b' COne year earlier, inventory was just 2,138 units./ s0 I* e6 x% H! z- j! q) S; R
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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 $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.) m0 y1 C$ k' U4 P8 J, `
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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 $10,720.$ t4 T" L; v2 c" S) S2 A
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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