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Edmonton housing prices have largest one-month drop in city's history9 T/ f, ]0 I8 u$ e# G" y2 |+ J6 J
Edmonton Journal
& m+ S$ y" Q7 q4 l% xPublished: 12:09 pm
+ F+ q# [( h8 I# j. }Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.3 x: ^" u7 B8 y$ R6 `
9 \+ t0 q* [ ]The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.# @2 @9 n% X+ O% D6 m+ v
/ C6 |' _; U. n: XInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.2 g6 U, b7 d3 N1 U5 l) P; a: ]' O
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) S" f8 K! u. q7 kOne year earlier, inventory was just 2,138 units.0 }3 {" i0 p. @. V
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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.
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) M; j4 F: j, C0 J- y2 G6 Z' U% xAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.# Y3 L) Y7 O2 V$ K6 A
* G0 ?/ ~' [! z! DPercentage-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.& l% V. u( N5 U' X' G) b/ T* O
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9 }/ Q9 P' |& W% I: q9 g5 S* Q9 q© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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