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Edmonton housing prices have largest one-month drop in city's history# h' z' X' n# H
Edmonton Journal g, R% j0 h. P3 w O
Published: 12:09 pm
5 J3 H) ^2 I5 ^Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.+ O5 z) `# f7 | m9 S E E0 w
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.5 d( ~! N' X% C( Q6 Q$ e3 s* t
# L9 T6 q4 n: C" L9 {2 N7 \* f: c, sInventory 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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+ x! l. W a2 Z$ y& {; SOne 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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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., M* J9 S& o# Z8 o1 ?# }# S
: {3 _( I5 U+ r' oPercentage-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.+ y4 A Y m# z
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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