 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history
! F% k+ X V$ f9 R; {/ ?6 cEdmonton Journal( }2 }& c) O# t5 C. C$ F1 j& K0 T" r4 v
Published: 12:09 pm0 ?5 V t9 s% w8 f0 Y6 C
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history., x& i& J4 w+ G, Q' r; Y3 s
2 m# l) ]7 z3 P& {" DThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
. r2 G9 t1 w0 V5 l. v
8 D# g& T" ]2 V3 ]9 @0 ]Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
b" k1 v- y0 Z v, g/ T+ k: i- w4 G2 w2 ~
, O! C8 i- K! U6 g
One year earlier, inventory was just 2,138 units.& P9 f( C3 ~& Z3 Q5 U p" F2 H
. ]6 g. p8 t! l
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.
) }# W3 O! V3 C o5 _" Y+ `& h1 Y/ S2 i6 Y
Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.+ D h- c. E8 Y2 q
, k8 y! x, J! @$ E8 ?
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.
V' t! U1 l% H( C! J J9 ]5 s) I% Y
E4 N" I1 Y) v+ T' g5 [5 W4 ?1 O' b+ m( O9 G
' g' Y& J* x& L3 T6 f
© Edmonton Journal 2007 |
|