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Edmonton housing prices have largest one-month drop in city's history* ~: R. V4 z. L3 _0 }" o
Edmonton Journal' u! N$ Y7 d; U8 \6 y5 z I' z4 p& d
Published: 12:09 pm
7 s; {& h/ |+ N6 H3 o5 ?, e" h7 m, OEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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. [. P0 s5 U( M" y5 O% q! WThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units.- @/ z! |4 g* S: M$ L
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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.
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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.% y0 y5 \+ l8 N6 h8 a7 h
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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 $10,720.1 W! H4 F( ?; ?" D
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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