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Edmonton housing prices have largest one-month drop in city's history: `- U' L6 @: `3 h( E
Edmonton Journal& u' S) w8 O3 v: `. A
Published: 12:09 pm3 ~: V5 i' V: b/ z
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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7 H9 k; g x0 H" s8 fThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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: y2 I0 X, T- M RInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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, I$ g, [ J& D/ v$ vOne year earlier, inventory was just 2,138 units.
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m9 p- ]4 F; {+ G9 o- _! JWhile 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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7 q, L: o" B5 [9 vAverage 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., |! R2 I: r1 i, Q+ g" L
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" u+ I3 E- U; u+ _& h% [© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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