 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history
R8 l+ f) w0 {9 S6 T/ \Edmonton Journal: }% }4 Z7 x' S3 Q# b' v
Published: 12:09 pm
t6 T# K9 t) P; q$ fEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.- Y. J5 p( S9 d. d7 [
* I5 t" [8 D6 r( m6 R' ^2 `
The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.) i7 v& c# H: k- R5 f* S8 j
3 n2 i3 D& [/ _: T! U4 a5 f: G; i
Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
2 t& q3 ]" @' a: ^. E% Z3 V
7 O! Q* G4 a- R/ k/ p1 K3 ?- J* r0 D/ ?. k" A0 s, L8 B
One year earlier, inventory was just 2,138 units.
! [1 p: U" ?2 v0 e4 }
; ~9 t7 R' x$ t) r# YWhile 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.! l, P: w1 r3 H, C8 Z/ Q
: l: I7 ^. W1 f4 Y! z' Z1 ZAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.
( l1 F2 O J' c$ b1 Z* @! w" r1 ^. `, e1 }# X* }
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 $10,720.& |9 X% i) a/ }8 v8 W$ ]1 K
* v- r' z3 I) s
& U* d( t; _! t. k7 u
z( U0 x* `8 a# ~; o1 |1 x0 r) T6 i1 b9 s- M
© Edmonton Journal 2007 |
|