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Edmonton housing prices have largest one-month drop in city's history8 M6 P( p% ]; c- v4 v. y: S, g# r
Edmonton Journal {; T P3 c# `+ j5 i
Published: 12:09 pm
|% }" Y" x0 h( T4 V! t0 A4 p5 S$ lEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.8 v4 {8 ? l5 L1 \+ d+ g8 t& B
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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% x2 D% Q$ V& B* }$ k" GInventory 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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# q& [) R g/ O( u3 p- }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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: ]+ L! x1 b& x- i( [0 ~- R' sPercentage-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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6 }1 T4 B- A0 ^* P S) N© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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