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Edmonton housing prices have largest one-month drop in city's history5 s7 _2 {# g. n" C& n
Edmonton Journal
k; R2 N& T; R4 MPublished: 12:09 pm
* T ?( F" Z9 S: D! q3 B* e* X0 y) A5 wEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.. f; U3 o1 X; ^! e8 i$ x
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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.
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4 `/ z6 R. S |0 Z: Q( p: I+ NOne 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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& O# U: o* i9 O0 z0 E! ~Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.
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; m* g* b! x8 u$ ?# OPercentage-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 O' K5 D/ f8 j! O9 E2 M© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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