 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history
& x; T* ~9 a) ^Edmonton Journal
; S7 ^: C2 k- V% n2 b$ o( ]' UPublished: 12:09 pm8 g, z0 |( x, K! J5 Q& ~. r& M
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
& C# r4 T/ O1 _. s* F1 f
6 j: T2 \/ R" q. |& f* X# b! HThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.: W8 B/ u D5 A/ z- u0 L& g
8 T2 x/ T) \4 Y7 A; `Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.6 l/ R/ x) d( p# ]9 p
1 _( x/ |3 D9 A1 k
* g- N/ a: g3 S: V& }/ xOne year earlier, inventory was just 2,138 units., K% U: ^7 n: M
, Y/ C1 A& U4 c& k) N: S t
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., m q, X1 k8 \
' `2 D I- w- S N# O3 E
Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.
, J' s; c4 i$ x* ?3 S! M4 y) R5 | Y, }% v' t
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 $10,720.
. m; l1 H) N8 r4 P; c7 N7 c& P
, n9 ^* v, I1 A9 O
5 F7 q2 m- Z% _6 r e) c2 g4 g3 O: x. k( z5 q
' G' G$ s( M4 ?, f1 N© Edmonton Journal 2007 |
|