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Edmonton housing prices have largest one-month drop in city's history- _$ r9 D3 b0 W. [) R
Edmonton Journal
% i" [7 Y1 m8 A$ m% UPublished: 12:09 pm
+ o6 @, ], j2 Y0 u5 k6 O" h8 BEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.; K- d) s0 b) P8 @7 c U+ p5 l) i) b
: S& U1 E, m) BThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.7 F/ o( x' _ o
6 T [5 R; o8 _+ o- {' ^& jInventory 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.; G- n; b, a' D' C7 C
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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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+ z- ^+ o C6 gAverage 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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- X7 E+ K. d( z) i1 P2 M, i8 q0 p6 MPercentage-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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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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