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Edmonton housing prices have largest one-month drop in city's history
1 V# X$ E6 n* [2 v# j; o; i2 yEdmonton Journal0 m o/ B0 K$ a9 i; o/ v
Published: 12:09 pm) M* Z8 w2 n" {, d
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.5 X% n/ @* `7 b J2 v2 D
3 o% y9 n& {/ {5 |The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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7 e; H6 h. I- K4 q- i! R+ NInventory 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.- X# b R" N3 f; G" N" b
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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./ k8 f) p% i5 F9 m3 v2 j, I
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.
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B7 O3 c* V, D+ m$ L& 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.' E4 ]' |' g! \2 U& x
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# k7 N+ W& s& q; b© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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