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Edmonton housing prices have largest one-month drop in city's history4 G9 v! l3 b, U- ?) e1 |, u
Edmonton Journal! Y5 Y* m4 }2 X+ z. z* ] p
Published: 12:09 pm
; }7 B" {5 [( p9 tEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history./ G/ h8 W: b5 @6 d) O% |
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.' X; q" M6 k' c3 }0 D
/ W' S! X& k s- z6 }9 U( g% CInventory 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.# Y. K% B+ G. ~& B3 K1 m, K3 y m
6 O2 m' j) p: a3 S8 n R" x9 R5 RAverage 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.
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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." U: O8 K, n" z, U
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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