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Edmonton housing prices have largest one-month drop in city's history# K- x9 v) c1 Z6 c
Edmonton Journal
i& {/ n6 ?8 m3 X- X8 A' l7 vPublished: 12:09 pm( B6 ?4 I. _+ o& @0 o
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.% r' u* M9 g- p+ E6 K4 I
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.# H1 ]' _: m8 ~
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+ S: s& @: i' g1 D# Y$ OOne year earlier, inventory was just 2,138 units.
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7 ^* M$ f6 q5 @" G" [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 @2 F: L7 @3 J' D6 `6 P( ^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., D! ?" |- P( H5 n, v7 k( D+ l8 E
5 [0 O- z" r( H* z) wPercentage-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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