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Edmonton housing prices have largest one-month drop in city's history4 i' ~: M2 v- N. e3 F4 z3 B
Edmonton Journal$ y9 T! F0 @5 w0 V' E4 q7 S4 V
Published: 12:09 pm+ g! ~" h0 T- g# P0 H" X' ~
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.; B- s' B4 |( d( x7 q; ~+ W$ ^
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.( Y' Q- T7 F8 h
8 |3 V. Z/ q7 ?2 d, J! m, OInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.1 X. i+ l9 \. S+ }9 n) _% f
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9 b8 L2 U# M h) X1 o4 j( rOne year earlier, inventory was just 2,138 units.
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% w. f) W, p$ H* uWhile 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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$ Q( h% M& F+ h% _2 XAverage 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.# D# Q# A2 d7 w C" ^4 a
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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.# Z! j Q: F( M3 Q( ]
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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