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Edmonton housing prices have largest one-month drop in city's history
7 x! A/ N+ l# m" yEdmonton Journal. T$ P, X) F) p. S n* q H9 H# G
Published: 12:09 pm
6 Y" S/ i( z; JEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.; n! N8 F! D; a
! b+ c8 @/ M, r8 pInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.; u6 X# G1 L' `: N+ w
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1 H* q# k/ c0 N$ V _. U& N, {6 X& h) FOne year earlier, inventory was just 2,138 units.
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' H+ i4 j% \7 B5 y2 @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.+ N. A |0 J3 c; {9 @0 O" f/ Y1 o
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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.; z6 D" c) u4 \4 b0 z
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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.* `/ S0 t4 ]3 K3 ^, N4 d
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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