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Edmonton housing prices have largest one-month drop in city's history
2 F/ W+ v u6 w6 k5 r8 ^ c* _Edmonton Journal/ z( {+ o% n L$ Y# S1 D4 ?
Published: 12:09 pm9 C0 \5 K8 J" I5 Y0 T+ N
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.( }) E0 B* p1 r- n) H
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.9 r4 V2 b5 H2 u
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.: x7 G3 t) k$ i o9 n) |
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One year earlier, inventory was just 2,138 units.; t5 s6 E2 z0 R- a2 ?
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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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' g% t4 X' N5 s! Y: nAverage 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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