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Edmonton housing prices have largest one-month drop in city's history7 x- h/ N& [) ]& [/ l/ {6 }6 d
Edmonton Journal: ]5 ^0 [! I/ w+ w# U
Published: 12:09 pm$ G: ^) u p5 m2 _
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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# b0 e9 @1 {! z ~The August average of $344,792, for all forms of housing, was down 2.8 per cent from July., n2 R1 z0 W8 f5 K& r* C$ C
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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.; {! y5 S6 m# S/ j2 f8 q M
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One year earlier, inventory was just 2,138 units.2 q0 `. `" S) I4 C
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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.
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5 B% Y! V) U2 W! }6 T1 lAverage 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.- J' w. e( Q: v8 K- p
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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.: Y* C2 O; x+ _. }' C
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2 x- X5 f1 x" E% Q" U© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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