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Edmonton housing prices have largest one-month drop in city's history$ q. H) Y' @% d4 N `4 h4 F
Edmonton Journal, k G9 s8 N' x( d. f, n
Published: 12:09 pm( p1 K J* \4 @1 Y
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history./ H: ~/ o+ W( V
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.+ \1 c- \3 a V( h5 T( L! N. y+ z
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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.) `) G9 d q# }" @8 Y
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One year earlier, inventory was just 2,138 units.
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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.; {/ v, p: H* T& ]% |
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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.* b5 B3 I; M" \+ o B8 |
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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 $10,720." |# ]- E# B# B4 j; N, A- n$ H7 E
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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