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Edmonton housing prices have largest one-month drop in city's history
" V7 A. l3 r2 ?4 O/ YEdmonton Journal0 i% v6 X6 d4 w
Published: 12:09 pm
$ Y4 _* \5 m! R$ F9 a! Y% T7 B5 bEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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0 m) l- V& T; H2 z% _9 \4 RThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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U# s1 a8 _! WOne year earlier, inventory was just 2,138 units." l0 x" j. O Y0 |* o" {
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While sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.! s5 y f$ M8 }' K5 n; W
/ t6 O, z. l" J) CAverage 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.' X9 E+ I! O5 r0 ~4 k/ e5 c5 B
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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 $10,720.2 J# T5 G$ `5 z! q# U; V2 B
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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