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Edmonton housing prices have largest one-month drop in city's history
& B) a8 c) C LEdmonton Journal6 i2 o& F6 A* a
Published: 12:09 pm5 D( P4 B4 Y; H6 C% p# A
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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' i' Z5 u6 b0 z: O% [4 m LThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.* L0 ]& X. N3 _
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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5 P2 _& ^7 B" K' O$ k% e; D: OOne year earlier, inventory was just 2,138 units.5 _6 W& u; `1 N% V7 b* @
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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.! L( e. J+ F* n' F$ _7 Z
: U" ?! o# \ p0 q, `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.) X6 t- g4 I3 @# Q* X
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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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