 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history- Y( M5 N8 e! o: Q8 B
Edmonton Journal# ~' a3 o( A( g% ]
Published: 12:09 pm
8 `6 a) I9 F. g- a! f" ^' F9 ]/ BEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
/ A( }5 H) m3 N ?. q
8 u6 k! T) @5 S0 qThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.' i8 ?. c+ x, A, K3 u7 S7 \7 Z
+ V* H2 f: r2 [# R
Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.4 s. Y% H9 c* K+ R1 {
2 n; R- F9 }7 h3 j) b
' w: ^# I; { w$ V8 v- D1 f4 `
One year earlier, inventory was just 2,138 units.
' t* G/ A) z% M: |% {. R
* s- v8 S* Z' a+ c8 y5 }9 K/ SWhile 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.: N% ~- N. l$ A0 j# M1 l' r8 r* W
0 K& ~! L" t7 g* e5 {! sAverage 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.
4 j, { W' T& B2 u& }* T6 A
$ W' {9 o, R; `7 |& fPercentage-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 $10,720.8 c2 d. K) l7 a& Q! I, f3 }# u
3 \0 K; b: g w1 F) S
o9 a% e- \+ y* R5 f* Q# P
0 |: R0 k5 ]! }% {9 j5 N3 c( R% e* ?) [5 }$ \) @6 x0 ^
© Edmonton Journal 2007 |
|