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Edmonton housing prices have largest one-month drop in city's history1 F" N' h5 k/ A6 a, V L5 D+ s
Edmonton Journal# M4 j" [& J: `; h1 T" b
Published: 12:09 pm5 e5 n2 t" s6 e N7 d
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.: g5 _2 y! F" ~' F- E
! M1 N2 v' A/ e! VThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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! o4 }' k, L3 W3 v4 SInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.8 z3 Y' J! \+ X' f6 T t6 V, M
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$ [' a3 ^# R4 \6 \2 yOne year earlier, inventory was just 2,138 units.
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3 i0 G+ a& W( [, MWhile 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.+ p# x) L- K) K0 c
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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.' n+ ~- M& H. P* |2 _+ L4 e: G
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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.; M& b% X8 d6 V6 P9 l; I& z6 p, t7 A
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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