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Edmonton housing prices have largest one-month drop in city's history) X7 s3 b' j" N9 z) }! b$ j2 l
Edmonton Journal
F& @' S% O9 u( _, |* \Published: 12:09 pm9 [4 y9 s p/ X c3 z& U7 \
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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* i5 Z e. M) C3 D/ g" d- L7 S. eThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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( X/ q/ W6 G; G O/ PInventory 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.
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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.! N/ W; A9 f, Y# }7 N8 k
* e7 ]0 @+ @9 O7 v JAverage 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.) q/ m( X& A- 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.! d3 C2 V/ A2 k/ j& l% _
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* X" q2 P- J; ?9 H* z© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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