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Edmonton housing prices have largest one-month drop in city's history
+ H r6 g9 ~, mEdmonton Journal9 Y* Z, j* ^% ]
Published: 12:09 pm
" U8 P& u3 ^5 D/ B2 }- }Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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4 k) t! t5 K, i; Z. pInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.! h' N! J; h* k7 e) C
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One year earlier, inventory was just 2,138 units.7 o2 n+ {) s/ [2 c3 [) T
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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.6 ^+ ]4 `* r/ P* M0 V- u
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.
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. ^$ _) _2 ^) o# aPercentage-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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( X1 Y) w# x9 W9 I1 c3 K© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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