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Edmonton housing prices have largest one-month drop in city's history
* ^- b) E4 v# Y- k2 T: WEdmonton Journal
0 y4 Z& P- N) QPublished: 12:09 pm
! [: s3 \6 ^- m2 L2 @, JEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.; P& D" h- f( b( w$ \1 _3 m
' t3 M* m( @) n: }Inventory 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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) Y6 c+ m* d. l! A3 cOne year earlier, inventory was just 2,138 units.
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6 D, R8 `1 W' s8 VWhile 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." R9 R1 W4 S) B; u& U
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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.5 }9 ~4 O2 E: q# {0 x9 f
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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 $10,720.) Y2 a8 Q4 c4 H1 f8 i" z
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4 B/ d$ c# Y7 ^/ x& M/ D. O; I© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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