 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history
0 \. G$ f) k/ y, F4 dEdmonton Journal
6 N Q6 T$ u5 ?+ @! s( uPublished: 12:09 pm
0 |8 A8 D E/ f& TEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.: `+ t% r# O6 S, d! t
/ }( V; q3 Z9 O" a9 o% x& {The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
% M: ]- i- ^: N; y+ o% o' N' v" G; d4 D- |
Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.. U4 _1 l1 L1 H6 O j9 h
8 E# ]+ i( {( Y! {) t# J9 G) m
' _+ Q ]6 L5 y1 |* U8 m4 xOne year earlier, inventory was just 2,138 units.
$ p! o& I3 y1 x) c4 b: \5 R; _! u. r, y2 t5 ^" Y2 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.8 p4 r% r8 e: R4 |: G4 r% j) v" n
# b! I% o- |" [5 P- B9 p4 HAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.
2 M; q$ U. R* U- ~* S+ s! z, s- ~) ]9 _
6 J' H, t8 l( v; O, ?$ j2 {# x: _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 $10,720.
& `" L$ i- W6 ~9 Y
* V9 o: \; A; [& S; S
. L! [4 J y' f. c1 _) E& H5 y# B$ W8 {! a3 \9 o0 \
* b* ~# P7 {9 A% n8 C© Edmonton Journal 2007 |
|