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Edmonton housing prices have largest one-month drop in city's history
; b' D C7 N) W0 m4 G2 O1 k& vEdmonton Journal( r/ d/ d" J2 N9 J) t: \
Published: 12:09 pm* `+ A' |; B* |) F f0 J# R
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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$ W+ e" b* @5 U. B& s4 Z. FThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July., }7 V: M# o. Y: L1 f2 x7 Y2 q
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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.
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One 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.
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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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: @ b7 F) G7 ePercentage-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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