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Edmonton housing prices have largest one-month drop in city's history$ \$ M# k* r; l0 Z* Y
Edmonton Journal- ]& j& t1 U+ f) G, B8 w' b! O
Published: 12:09 pm
$ ~, b$ y1 Y* H+ P7 fEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history., C( y+ N$ g6 u$ I# Z
, M" a! U9 X+ [$ D- r, ~3 ^The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.$ c4 g' w2 x) }0 \4 N
8 H- M9 I% S$ }" E( qInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.' x% |/ Q) o1 Y
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$ O' z( A5 C# s9 w6 u/ wOne 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.8 B# j( l7 [+ G4 \2 `
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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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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. }# n# E& f* R D& [
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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