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Edmonton housing prices have largest one-month drop in city's history
/ U# O2 u* X% \$ @Edmonton Journal. P. [8 r& Q( i# c, x
Published: 12:09 pm
$ M7 b: ~/ c; r; {$ @3 k( ?& IEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history., u+ ^+ u- z. k) ?5 a
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.) p) P/ q1 b S5 h
+ D& _9 R, l) MInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units.
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' z; L) r5 r4 v; u: z% g- fWhile sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday., `4 _4 L& Q; G' a
* L( s$ L. g; VAverage 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.6 X8 n; `1 J5 H, c
% E2 |- a @& [1 R" {3 o5 QPercentage-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.( K# j1 i4 y: _9 d; h: r0 b
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6 P+ t+ g3 x2 C© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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