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Edmonton housing prices have largest one-month drop in city's history: m2 F5 B4 l, b9 h$ v* A( ~
Edmonton Journal8 Q1 }7 P& `, A. ^5 e( _: C
Published: 12:09 pm8 k4 p, w4 d3 e2 Q% l2 }2 m$ K# n
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.+ R7 A7 s1 k) o
9 O4 \3 J/ P9 O, `The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.& s! b( Z5 j" o3 T0 W
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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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" f/ u3 R8 l+ d" tOne 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.- _9 z6 {5 O- p/ h% H
" ]9 [6 r4 R" W1 Q% MAverage 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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0 y* d* q* A* i2 ]2 S. x- _- Y4 Q© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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