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Edmonton housing prices have largest one-month drop in city's history
$ r& ?6 D4 u' Z7 hEdmonton Journal
* `& f% @3 }5 h# IPublished: 12:09 pm1 X2 D+ L& u+ `$ d+ e5 C& G3 o/ |- }
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.* J! l7 s4 k% x: ]/ C, o
$ t2 m3 Z: g. v3 u4 P5 s$ k( TThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.+ u w; P# f* H9 Z5 p& E0 j
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.2 |: ~$ ~6 c0 k& W: ^, c
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One year earlier, inventory was just 2,138 units.
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6 f7 [9 q+ |. QWhile 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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# F: s3 _3 i6 Z6 o5 g9 iAverage 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.
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" o( p6 v6 J4 V% @: |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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; R4 i5 b3 L- e1 X" J© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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