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Edmonton housing prices have largest one-month drop in city's history
# t# L! f) d: D/ {& \1 ~8 CEdmonton Journal* U& Y" C' q9 U; x0 L. w1 }
Published: 12:09 pm& w0 Y- v. k1 t/ U) A. G# g
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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6 U6 p8 x' E3 k" l2 hThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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. t: J, y1 E' H9 b0 V2 SInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units.
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- b$ N7 {! w' s& ~- t$ G' fWhile 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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" D" q- Q3 h, H1 k" j, hAverage 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.) I/ ^# g1 Z! w }( D6 O( w
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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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