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Edmonton housing prices have largest one-month drop in city's history
& S9 R4 Z4 S; M) [' |+ BEdmonton Journal6 g) F0 d3 S) m' J* U6 C- M
Published: 12:09 pm4 ~4 z& L3 {- f7 D& h! V
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.% Y8 v6 r( Z, Y$ A2 c; g3 ?' @
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.% Z! J: `; k1 u% ^) G
+ I. B$ ~% S' jInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.4 ^" a7 Y& U& N% j
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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.
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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.
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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 $10,720.. {" X/ @$ a% t. x7 u7 e
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/ ~2 D3 Z- e" H- U1 |© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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