 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history# b1 V! f9 `" v3 m
Edmonton Journal
' x! a4 g' ~$ \ _, T7 JPublished: 12:09 pm. |) c; `; o/ e, v' w6 h
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.6 }& Q* y4 l& M! @
6 K( h9 h. u( n: H- v) L
The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.0 f2 Q8 z& T* w3 l( C
7 s4 M% H2 A# Q( @Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
8 W6 J% k' V9 C4 {- S4 P: I L, |( \! N0 d7 _4 O0 U# L
- H0 v4 l/ k5 M7 E. D
One year earlier, inventory was just 2,138 units.
* t4 K7 b, x* z' |4 ]$ z) K0 \& W- e4 E% i+ a3 g
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.
1 Z! G) K: h" o: J; M" |3 V6 r4 R( Y# S
Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.
1 x# }4 G/ Y9 Y2 F9 J# R
1 a( `: S: |% J: u$ m/ @) VPercentage-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 $10,720.
* B& b$ I, Y6 x) ^8 a+ @' w1 `
& s" z) E" J6 p; G" |# s( _) H# T4 z: P9 k* _6 z
: r9 q# M7 X5 M6 r
" N# B7 W/ k0 a+ x+ k© Edmonton Journal 2007 |
|