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Edmonton housing prices have largest one-month drop in city's history+ y5 Q/ i4 W+ S M* P u% u) Z
Edmonton Journal, Z( Y; i. r5 m# D, c
Published: 12:09 pm5 }" V' Z) R x# z
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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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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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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2 |- P- d y, e8 i; F( o; J: p5 TOne year earlier, inventory was just 2,138 units.1 i7 i c9 M) c D7 ^
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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." U2 _9 D6 C" Z4 v6 W% G |
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.5 \6 q8 y0 i1 m2 W$ F
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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.& e6 t5 \0 y1 L
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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