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Edmonton housing prices have largest one-month drop in city's history9 n! t: V. {7 p+ w. y1 h
Edmonton Journal- c- i) N" Z; V2 a! D- i! d5 o" r
Published: 12:09 pm' B+ O: t, g) d% t
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.( Z/ \ l4 v, q% _( U( s' e6 U
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.2 F" n1 C- \/ f
* H. }2 m6 |! |# D9 O3 dInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units.
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' V/ B$ E+ {/ h: l* TWhile 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.! W! [ k- D8 r# X% e, M
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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.* j7 }; j% F% W! ^1 I2 ~
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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.
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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