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Edmonton housing prices have largest one-month drop in city's history; X8 j. U) L$ D& F( E/ E5 B/ b
Edmonton Journal Q" Y+ `. `( K+ R g- R8 W
Published: 12:09 pm
' r# z% E- j$ U0 Q+ p/ ^. HEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.8 P0 d& u i, |; w9 V7 a
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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, d ^9 L9 M$ iInventory 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.8 d$ b8 `" J6 R) I$ d+ {( t
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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.' W8 ?1 A1 q% Z) k8 X% w& l- ]
) e1 y \. s) ]7 T' F2 QAverage 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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4 [+ Q' W0 `6 O8 l% e; _1 RPercentage-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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4 k" O- W% ?& s9 Z8 F4 W5 t1 u© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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