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Edmonton housing prices have largest one-month drop in city's history" m# i2 F, W9 u, A
Edmonton Journal
' H3 V1 \9 l4 j' nPublished: 12:09 pm7 J# P: U" V' n; T) j4 c
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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1 |* w+ V* J4 z: _% mThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold." L: q9 o5 o' I$ t& w
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One year earlier, inventory was just 2,138 units.0 O% d$ U r( D) s2 ]
u0 r7 L. F8 p0 L |$ v$ v, d; |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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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.
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/ S. L/ V' _& `, ^) iPercentage-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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