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Edmonton housing prices have largest one-month drop in city's history% {' L4 A# j- p0 a7 F3 x. B- d. R
Edmonton Journal
" T% D) E4 ?7 p- a* }( P1 J! yPublished: 12:09 pm
! c1 \/ K; L( q7 X. W SEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.5 }% f+ o% V9 q2 v2 ~1 o% ^
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July., E6 G. X% I9 M) N4 d: t2 e
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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: S/ V" e, Z, k& d3 aOne year earlier, inventory was just 2,138 units.
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# O8 V9 ^, u' i9 h0 q+ j8 s% Y4 UWhile sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.
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6 S# A' A$ u" o0 l" kAverage 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 i6 A% j" h: H: Z; c- T) W0 P
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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 $10,720.$ W6 u+ ^+ V+ V5 t1 x% h6 w3 H
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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