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Edmonton housing prices have largest one-month drop in city's history1 V: X8 @: ~$ V! d. N+ b
Edmonton Journal& o; C' |8 a; @7 U& \# ~0 v, T
Published: 12:09 pm' t8 l5 s( |6 C4 t9 ^
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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% d% c6 c4 c nThe 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.' ~5 F0 K" q( B
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One 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.! S+ Y7 ?7 |" h2 g0 X: W/ w
. N: H/ A, G# u, gAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.! F& e& g% d5 j! _$ }& X
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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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+ [0 ]( B1 X! f* t8 u© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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