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Edmonton housing prices have largest one-month drop in city's history
) p& _# q! z* F WEdmonton Journal
( Z$ \: m6 D) _Published: 12:09 pm
& @1 F3 ^9 M! h$ T2 x2 j6 w# \Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.+ g! v$ R! T2 A. B
, t" D$ \- R. K% L* XThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.% D8 B2 L: w3 _& z
" B# _$ a/ [0 e& i+ I* `5 n8 NInventory 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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. o% ?, Y1 I0 E8 IOne year earlier, inventory was just 2,138 units.
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: V3 V, q Y- ]. P3 x0 SWhile 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.- H* z, _5 g( T+ C1 z
2 E+ N: T& M# r9 K4 d! MAverage 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.
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0 K, e+ A# e' o2 `& M: l2 O) s; _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 $10,720.) r" W$ L/ I. j1 d' s
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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