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Edmonton housing prices have largest one-month drop in city's history
" a9 ^! F z/ z! HEdmonton Journal0 |, q6 r( a* g
Published: 12:09 pm
* W& o' E; | U& CEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.% L5 z, d' f, n# A4 j4 g
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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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 m. m; t/ Q5 B( v8 q- m* Y
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One year earlier, inventory was just 2,138 units.
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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.; _+ B# K; t8 J j# f7 x
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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.( G# ~5 ~( [3 \- |" b& K7 ?
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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 $10,720. `! Y3 s+ h$ T: t8 W6 m" g
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; t% N% d% g3 i D0 m© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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