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Edmonton housing prices have largest one-month drop in city's history
5 t5 ^" t+ N/ x% _% S, P$ u- h1 kEdmonton Journal" Z6 ?! n% M3 o) g) f; `2 q% G
Published: 12:09 pm
9 w/ o5 `6 m! [- NEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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* ]" N& _8 H3 IThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.! a$ o5 n: |1 n$ _. `
2 G8 A8 R' Y( x6 m& |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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! S7 V* {6 s" W/ ]2 SOne year earlier, inventory was just 2,138 units.
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6 n9 O$ _$ l3 oWhile 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.+ S& E- X! O* z' G. h
- L. H4 X* [- A! `7 ^9 f* VAverage 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.* ~; `* p3 V& n" L5 ^
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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 $10,720.
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/ M$ I$ u4 H' }5 z© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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