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Edmonton housing prices have largest one-month drop in city's history7 H# t2 @% z9 D4 q9 F- K
Edmonton Journal+ n' J% v+ @7 K1 u- M
Published: 12:09 pm4 B. f1 t8 D6 ^- E5 x0 _5 H) k% F
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.1 D8 R G$ }1 X
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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3 W8 G M% C1 X+ l! ~# t" C* vInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold./ i4 q5 i2 l6 c D$ f
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One year earlier, inventory was just 2,138 units./ z9 G0 j [5 U* w) S7 r+ K' ?
: R* f) Y8 A( B% }, ~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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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.$ }3 Y3 N/ F0 X2 u
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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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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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