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Edmonton housing prices have largest one-month drop in city's history
" e2 l& ?3 w' G. uEdmonton Journal# o/ L9 k! A" s7 \+ e
Published: 12:09 pm
! |9 X9 ~: p/ `8 J) _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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- Q6 i2 [- O2 ?1 P3 K0 U1 UInventory 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., W7 }/ Y2 U2 t4 I" O
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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.& U7 e4 P5 A5 f7 f+ P
0 \+ F* @2 Y, ~) N1 p; RPercentage-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 $10,720.5 A& Z% L+ _" l) b0 m
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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