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Edmonton housing prices have largest one-month drop in city's history+ J# Z" F0 h) G
Edmonton Journal0 y6 H+ s2 p9 q! s* \7 R
Published: 12:09 pm$ L) S- x' L- G0 E+ N; r: x
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.* N K1 M' j- _1 _1 o/ F! Z: Y
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.0 W$ N: ~' f1 K# Z8 k
% Z3 a% R- w% z9 O; x' v- a4 RInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.# }0 ] g0 K0 K; H
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! Q/ k3 [! D4 P7 ] F) lOne year earlier, inventory was just 2,138 units.4 Y8 W' |& s+ a9 I. J
* \% w! h7 v# `3 P6 m, J& F$ ^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 e" F7 ?2 U4 x' hAverage 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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Percentage-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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