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Edmonton housing prices have largest one-month drop in city's history
- V Y# j7 R" ?& M+ ~1 \9 \Edmonton Journal% N3 x; N [% \9 \4 l; n) Z
Published: 12:09 pm
! U6 A! Q5 u; w+ ?+ JEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history. h' R. i, F9 O) h/ Y; t/ ^
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.7 [$ e" F! j$ d/ u/ F
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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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8 f9 J+ m; c& W j3 k9 s$ J* S- XWhile 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./ Z& H; e7 ~2 J+ W0 \% T
) P6 l& Y/ \% D5 K9 | f' z2 Y i4 \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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/ p; M3 r( E- {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.. x: J: }- z/ R+ Z" }2 y# W) a# }: Q
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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