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Edmonton housing prices have largest one-month drop in city's history
+ i! G1 ?- L- W1 h( V: [8 o9 ZEdmonton Journal& h4 k& T6 t4 V- `/ e% I, o
Published: 12:09 pm
. z) Y6 Z3 }- Y' n9 QEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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( J, x( T0 G H; n0 y1 y: aThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold. I9 z) O; Z* J8 Z/ e$ ? }7 W
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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.
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1 S# F5 s# {$ d! OAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.# U' B% o% T2 i" T R" r* {+ @
. P9 m8 ^# Q" h- w$ aPercentage-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./ R: d, c9 M& H. \/ v' i; l
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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