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Edmonton housing prices have largest one-month drop in city's history; }+ N* ~4 ^1 E
Edmonton Journal" n& f, M. O% \0 c5 L8 J) z
Published: 12:09 pm9 E" z; H% D/ M8 R: e0 n
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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* a% I& J$ x$ S+ [The August average of $344,792, for all forms of housing, was down 2.8 per cent from July./ I/ J7 `; U9 e! L9 _2 j
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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.
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, c' a: q0 n' O7 m% q) ^! u! u; tOne 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.* O/ q4 d/ b7 N6 j
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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.% }- ?/ Z* | x" t: I+ E
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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 $10,720.+ Q6 t$ s1 Q# W4 z" P# f
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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