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Edmonton housing prices have largest one-month drop in city's history8 r% g9 A4 M* ~ m! K5 T) [
Edmonton Journal5 y( [, d+ Y3 U4 O. a7 W5 q
Published: 12:09 pm+ L2 s$ C5 H$ H% P
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.% f t+ E9 _1 j ^3 P1 h
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.* Z2 _4 B8 y- ]: Y' u) Z. ^ b
6 F, y9 B+ [' K7 bInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.6 S: p$ o+ J' K7 W/ u
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& N/ I+ P: L5 a$ KOne year earlier, inventory was just 2,138 units.7 A$ K" ~. X, D' @" C& w. ?( Q
2 F$ G3 G3 A: q4 X* q+ HWhile 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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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.
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6 }& ]; |+ E4 [2 J& ZPercentage-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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