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Edmonton housing prices have largest one-month drop in city's history M# z8 q) O# g8 S& d+ x; I" s
Edmonton Journal+ G8 F$ H V/ w& m1 n
Published: 12:09 pm! i. h/ t" J( W
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history., ~! X$ X9 `. _( [/ O
4 @, T I5 ]& MThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July., m8 ^" p' E+ ~% u
% y6 l- g* v# F9 X6 A; V1 YInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.5 r% ^ D. p( K1 F5 M* V8 p" [: Z1 i
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6 M* s! U9 [+ R3 W9 dOne year earlier, inventory was just 2,138 units.
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While sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.( K1 F Q1 f9 r$ J" 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.; ]: o" Z* s& |! D' q; V
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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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