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Edmonton housing prices have largest one-month drop in city's history# `$ S) H- q! l5 ]
Edmonton Journal
v; t; @# o9 z; S5 {. w- V. J+ EPublished: 12:09 pm: r; U- S2 E6 w- W: T5 B5 z
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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: n5 E4 k$ o8 f% _2 S+ fThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.5 }& A" c' x& B6 i R
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.- `& o9 h3 N1 w! t4 z8 @
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One year earlier, inventory was just 2,138 units.6 C! o& F, f _: X5 ?6 ^$ T9 e; ~
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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.1 S9 p8 Y' k [) K
/ d* C7 Z: b) I* m0 i/ EAverage 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.& m) c9 O% ]/ Y& |% o( k+ D) e
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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 $10,720.& f8 c! F# u) K* Z$ u
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4 t# A Z3 `" F. g6 V& H© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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