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Edmonton housing prices have largest one-month drop in city's history
3 Z+ a* j5 y6 R3 Y! q# f( s* TEdmonton Journal$ F9 a6 i1 p) H' ]% _4 ^
Published: 12:09 pm; r& Z$ e2 I0 h0 ^
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.9 W, v7 i0 U& E G% g
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.4 y; V# W! u3 x
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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9 z. d3 R& `/ ?. o3 _One year earlier, inventory was just 2,138 units.7 i5 P* Y1 `* @% X
: ~- K6 u- ]% _: {+ PWhile sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.( O; ~" O0 x+ U$ W: f# O2 j
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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.2 z3 Y, \ L) \9 W; g" |0 \ F/ I g7 b
+ u1 K* {/ r8 k) Y0 _. e/ u o6 CPercentage-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.: P/ V& ]* P2 W' w4 v& x6 m
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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