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Edmonton housing prices have largest one-month drop in city's history* M& X2 p+ q p+ h
Edmonton Journal; w- x% }$ @: h8 ^0 K3 u8 @+ c- ~
Published: 12:09 pm
4 Y$ c7 t# |5 n, uEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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/ N% p5 n. H4 r( Q0 WThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.; B9 x. t6 @$ ^ U5 \
+ q: t) Q, [9 Q i- k b, k' xInventory 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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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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# D' c. X+ G1 J6 FAverage 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.7 H% Z" I% S) B% D
3 C% o5 s" s- X; pPercentage-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.& A! e; b6 h# G4 m7 S
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; S, U8 F, u& ^& e* ^7 b/ P© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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