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Edmonton housing prices have largest one-month drop in city's history
/ N" i% e9 j. r+ DEdmonton Journal& a; I2 C- v4 _% _+ t0 B- n
Published: 12:09 pm
) a, q r- j: ~2 @$ e) P, M! hEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.6 h' S$ S! D$ x3 `$ ]7 X
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.* b1 ^1 i% h* n7 i
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.* N$ p" d, M3 ~# [' a$ I. a+ A
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One year earlier, inventory was just 2,138 units.
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3 C4 o0 i( c9 O7 W* HWhile 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. y4 @. ]6 f, M" _) I7 ~+ x/ A: W
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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.
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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.. w. Q: W2 N' I6 E! @3 q0 c9 V
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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