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Edmonton housing prices have largest one-month drop in city's history, O+ J/ _* `8 }+ p9 u+ D" j
Edmonton Journal% |! z2 y# Q P& ?
Published: 12:09 pm$ S. i4 Z" t% ] o4 H
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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5 w" e9 u! i" tThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.. K: v R+ A$ }' I0 P4 Z
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One year earlier, inventory was just 2,138 units.
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) G$ C+ I9 r& g" U6 X1 z. 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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$ o5 C( y; l& P7 i2 j1 N$ RAverage 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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+ p1 ~8 t/ l5 e0 r/ d% _' pPercentage-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 $10,720.
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4 k$ F8 Q" M" W) }: g© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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