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Edmonton housing prices have largest one-month drop in city's history
# X3 [4 I+ V, aEdmonton Journal: L3 m- z& N6 Y
Published: 12:09 pm7 Y4 f, l# o' x7 u# `4 X2 O
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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1 J/ k+ z" X; k/ @ B) S+ yThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.$ D& C9 J# ~+ H9 K9 V5 p3 C
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# q! D2 q9 C0 K5 n6 k( sOne year earlier, inventory was just 2,138 units.( k1 o' o9 @" W# X
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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.$ w! C m4 X, S# R- G
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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.& y! J1 A+ S* Z2 [2 G
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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.
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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