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Edmonton housing prices have largest one-month drop in city's history
" x, v% y5 Q+ g; DEdmonton Journal
! W- j: f7 j# O, U1 y0 OPublished: 12:09 pm
: j. i. I( W% a. S1 J$ gEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.9 k5 S0 X3 l9 }& S1 i0 k
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold./ C. [# J" R2 d* y$ Y
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1 O+ z: J! o8 e F. Q- pOne year earlier, inventory was just 2,138 units.5 U3 [. q) i5 N" j p; k( z0 Y- i* S
- ?, v ^" w! zWhile 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.
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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 $10,720.6 f$ I' O( E! ~8 r- P! J
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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