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Edmonton housing prices have largest one-month drop in city's history# j# m _5 Q+ v- v# Y/ j! N
Edmonton Journal
9 p, c" O: H! E- ?( G4 e% tPublished: 12:09 pm
: Z- i6 ]* w6 f# E1 V% i2 _Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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1 A* a9 V* D4 W7 uThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.0 L! u" u* ]1 a% g9 M( \9 k
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.4 R- `$ p; Z/ H0 b9 }
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One year earlier, inventory was just 2,138 units.7 Q; C# e6 [ |& ~: {
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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.+ R# s9 S' k1 J# D8 ^
9 T) G7 [! [+ q' _: \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.6 l6 \9 P% S# E4 G# t: Q) e2 a
q; S. G; A7 u- q2 gPercentage-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 $10,720.; W0 X; s' ?. ^. g% Z8 t% c9 O
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v u( q; j- G4 N2 ?0 x& k8 _$ g; A© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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