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Edmonton housing prices have largest one-month drop in city's history
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! ~) p. X- H9 a+ M: |6 dPublished: 12:09 pm/ t9 A" K5 N! g" k- D# z( r, P) j
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.# s. Y+ |5 Q. K
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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p8 C+ i& u, r' v. P, ZInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.6 V" s! E# `$ b b: m1 ~0 }
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One year earlier, inventory was just 2,138 units.
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/ p5 c Z2 @: }3 i, }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.9 h" H% v$ c& G) Q+ Q6 ~2 ]- j8 j: g
# S* M" O/ c% I9 O1 E# OAverage 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.5 F- o! G/ K# Y' t2 K
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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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