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Edmonton housing prices have largest one-month drop in city's history
% q# n9 U6 A; }Edmonton Journal. c" p& ^8 d% N" `7 U; Q
Published: 12:09 pm
; ^5 r8 K1 ^# X2 h) wEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.: X8 H- y1 {8 l% P7 k! g
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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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. g& f" ^; J# mInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units.
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# B o* D1 ?! m" ^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.7 `% s2 Z# |0 W2 B' k: B
$ h/ d; r; a! X1 H7 }! ^3 gAverage 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: P" }% t6 v
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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 $10,720.
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/ W: d' {7 m$ V j2 n$ T! X© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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