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Edmonton housing prices have largest one-month drop in city's history
7 z" H' o" T2 B4 yEdmonton Journal, e6 P& A( C7 i2 p6 y$ m) a
Published: 12:09 pm+ b& X* H% t2 R. [4 l8 _( z
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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4 @# \0 t+ Y- v8 l! EThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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- h' x4 m% Z% \, }Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units.3 ~% h4 c; ?5 ]- S4 j
/ W" {( z- l( V$ f& D: r- H; @/ ^5 v- XWhile 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.7 J6 f% C6 C$ d. n4 ]% I9 F9 n$ z
% o3 h0 x {% v( \) ZAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.6 L! c! K* ]1 T8 s' k0 ?* X7 K
6 N$ `! G% ` gPercentage-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.+ B2 Q+ g( U, p8 F0 E: V
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3 v" N5 |4 x, K8 q4 R! c: _© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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