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Edmonton housing prices have largest one-month drop in city's history
" D* M6 w- ]& |- X8 rEdmonton Journal8 W+ E) F0 F3 l" L
Published: 12:09 pm% ~5 k: [. N0 z) B6 W$ O
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July." Y* N% E' T: T E6 U! i2 a2 \
! i8 Z; @& q" oInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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% s9 Q: ~9 `: {% Z6 Y! c$ {! {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.2 }- d9 r+ \' z, {' d! r, z
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.' c- |, _" e3 r0 n% k$ c% y
; M9 M! E& s/ ~& L( q0 N" `( f \ yPercentage-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.# U4 o! m b7 v( Q' W y
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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