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Edmonton housing prices have largest one-month drop in city's history4 O6 D6 T X% N; F3 U
Edmonton Journal; j7 }8 b \6 O8 v$ i R! L5 F
Published: 12:09 pm3 h* T6 y& r w; P6 I" g* d; Z
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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; |' C2 y0 ]6 i& O7 a0 BThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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6 S" v1 u, R$ \5 w( X1 ^" QInventory 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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$ W" T6 A: l( v" ~- _" N6 l( \One year earlier, inventory was just 2,138 units.
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* Q ?- U& [2 `; D7 sWhile 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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& n, w& x) f8 d7 O6 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.; V! i" u! }5 G6 H2 r
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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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