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Edmonton housing prices have largest one-month drop in city's history, L2 r# Z% T, X
Edmonton Journal% k# @4 F) V, n! r* l) `
Published: 12:09 pm
+ Q; }3 [6 }2 ]" AEdmonton-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.
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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.2 A2 {4 [( w( e t
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5 X3 L5 _3 E; iOne year earlier, inventory was just 2,138 units.% ]+ _# M6 h3 n( j% c) g
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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.+ n w) q% u) a9 O! u
, w. A& }/ [( l9 D4 P* {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.! x: F, C. ]: u4 R4 L
2 J' R" f+ q! J' g5 i# [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 $10,720.
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7 h- m! b$ Q S( L8 z9 m© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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