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Edmonton housing prices have largest one-month drop in city's history; _! z9 {. B& ?' [, k4 I
Edmonton Journal7 U. t4 S1 d7 E( x q) }. U& @
Published: 12:09 pm
1 z& i4 A7 q& F' J" U4 H' Y6 W* @- u. BEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history. q. \, t7 v; j8 n7 j+ b% n$ r5 T+ N
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.4 P! m5 A, ^6 k* |
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One year earlier, inventory was just 2,138 units.2 ^, k( J! @- L( S& u4 A! f1 N
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While sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.$ ?, m: h! T& y! x3 Y
' D5 m: @1 ]8 h/ V1 T: fAverage 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.5 Y( x# {+ ]0 y+ a
- P! d3 v* n* p! [4 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 $10,720.5 R, Q) B+ t. Q U) p
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$ q8 h, u+ B5 s© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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