 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history9 u+ }- f9 W1 F: U
Edmonton Journal
: G* @5 h, `3 O D' |Published: 12:09 pm
' d0 R/ H. {8 k4 }Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
9 A, C U) p/ o7 z0 |# b+ P( G9 M
1 i; B7 A9 s$ `" \The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.8 ?- l0 a% A' h' k
' A2 [0 M4 N7 iInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
1 d9 Q4 C2 L) P& R- @
7 y5 z( w- C4 h
& y5 m( |& U+ u2 }" BOne year earlier, inventory was just 2,138 units./ G. m. K6 j/ S# ?8 D
* a1 s' l/ r+ \' F, c. J _$ r
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.$ X3 n+ ~" Y8 ]: A; |4 ^9 V
; Q/ l8 @$ l# B0 @5 J0 AAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.) z; ?' D5 z$ i9 B# R1 {
6 D( U. O# p( ^
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 $10,720./ z' P2 w D. n
2 ^4 M2 S/ I1 v% X+ g8 T, I$ q
1 r7 v; r0 E) b8 Y) K$ [$ n2 l& Z6 U8 u: Z
- g7 E7 t: n# y2 k# W
© Edmonton Journal 2007 |
|