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Edmonton housing prices have largest one-month drop in city's history
: k* V5 |$ |9 g- aEdmonton Journal2 _: p* C- N! f: W Q9 }, S7 _8 u
Published: 12:09 pm
$ k' i: g9 s2 h: b* M* N2 X+ WEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.6 @+ G7 a, A2 k) n
9 w/ m5 i9 _1 w) RThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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. S7 z8 H# i9 ^( H& ?Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold., @. Y: b' ^1 O, |0 D& C
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One year earlier, inventory was just 2,138 units.
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V& N5 ?+ G9 j Q0 tWhile 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.
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6 k- P3 G' A4 M2 _3 Y# b7 p6 U5 TPercentage-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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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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