 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history
. [/ X1 E A4 m* |# g0 {# {Edmonton Journal8 k0 ]3 Q- G6 c0 b; g5 V
Published: 12:09 pm2 _( [2 L5 ~! j8 L% A4 K8 P8 V
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.7 g5 R/ f1 k4 |
8 z0 Q- U- d2 m% Z* ?2 RThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.8 o6 E' e2 y7 ` F
4 n" i" c, \3 c- n+ r
Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
. z0 {# W9 y% X* u! ]1 \4 t0 A4 E- t! y1 H5 M/ s+ P+ L( D
! H7 ~! h, u: Z7 rOne year earlier, inventory was just 2,138 units.' G/ j) O2 c$ C8 G
6 i* I( B) O0 S% x! K
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.
; v% V' g% i: O3 d: H
3 |/ ]8 Z2 ~9 j- 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.% I; L" E3 @. `0 f
, K! O7 Y0 o' a( w1 E/ DPercentage-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.
% j( [- L- w" l, N) ]# n
2 g8 O: b) d2 C& m5 A! ^1 r n- \; [4 G* ` y/ O0 l
+ g3 `, ?" d. b8 d0 ?' @, j9 r
7 Q k# A' @) X© Edmonton Journal 2007 |
|