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Edmonton housing prices have largest one-month drop in city's history2 j' A- v% `/ x8 V9 a0 |/ d
Edmonton Journal5 G# s8 _" g' [9 G
Published: 12:09 pm* n& ?/ s# D- Z# ?3 H+ `8 }2 C
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.$ O9 q( r7 [/ y* U4 g& x. q9 w
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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. q- ^ w3 ^( Y
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) \' F- p; V5 Z8 S0 I! @0 T9 _One year earlier, inventory was just 2,138 units.8 X- w/ c, K+ j! ]# D, o1 u) O# g
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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 $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.% l4 x# Z9 b$ f
, ^ p. d$ m0 q9 RPercentage-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 $10,720.$ { b" @6 y+ u( r
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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