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Edmonton housing prices have largest one-month drop in city's history% h8 {* } s2 m
Edmonton Journal, v! s' N A: P8 c: l
Published: 12:09 pm
% ]$ _2 s" t; u2 ^0 @Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history., f" \4 e; S+ R$ o3 X8 w0 I
; b8 X" z( H1 G7 v: I% RThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.0 w1 S f: H6 D9 t9 t9 _ x1 J6 |
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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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One year earlier, inventory was just 2,138 units.
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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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0 [ t6 M/ ?1 F( s- n7 I ~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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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." d2 e G3 H+ t5 v D% Y: ~
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# Y; I; ?+ M/ I' `0 I, s© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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