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Edmonton housing prices have largest one-month drop in city's history
" u- j' l! M) O2 q$ G( G8 KEdmonton Journal) O6 q9 c H! e3 C
Published: 12:09 pm7 S& V2 ~" _2 r$ x( L8 ^5 P
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.3 O& C! L% | D0 b
4 [ \4 \! ]2 s2 QThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.% t, f. V5 b# K9 i* M7 M u
) a' E! D y! R% k; B; u- ?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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6 r! U2 g- z" P" JOne year earlier, inventory was just 2,138 units.8 R3 @- u/ E6 q4 M- k1 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.
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/ S( b0 T9 {6 u; BAverage 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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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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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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