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Edmonton housing prices have largest one-month drop in city's history
/ }7 P- x+ ~) |3 o! E' g9 UEdmonton Journal
8 d9 y; L0 P( C j( _4 A( @Published: 12:09 pm$ P* T- W) G- J, P& m$ Z8 a
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.3 ], ~3 j6 t7 R M: L2 J# A
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.' Z3 w5 I2 b0 Q6 j' H
3 G& \4 I5 y$ i' LInventory 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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. ?" g0 s6 c; P! E; mOne year earlier, inventory was just 2,138 units.9 R$ E" m$ {9 h! ~# X* x+ }
' W+ a7 y: U! [' _4 bWhile 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.0 M: F' R- F3 f2 c
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.' g) j1 n: {- r% c# p
9 E0 u. n$ f/ E" RPercentage-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.
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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