 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history, b4 q& k9 H$ H7 X2 W; [+ S
Edmonton Journal' Y6 M4 K1 o2 w" i. t2 p$ I
Published: 12:09 pm
6 h* ]3 ~; c8 j/ s6 L2 wEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.* c4 I8 S C9 y" Q7 Z
, j* k7 M, m* K+ d2 d! c8 {- ~) G
The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
0 i$ }' a! _! d: T$ L, L) m6 ~1 g2 k
Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.( C1 r* ~; n# f
+ P9 [% Q/ k+ @7 H' t
, _( l- T3 C* w' l; D* k+ w) J7 ?
One year earlier, inventory was just 2,138 units.' S a6 Z) W3 h0 R/ a( ~
7 x2 J9 M/ e! dWhile 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.
/ |6 u# c5 z4 t* y! A% X' P" v) K3 _( S
6 b) w/ V# ], z8 Y4 ]/ ~, c: @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.( d: s9 G% j: a& F5 V' T
; k) u3 H' O* {/ U) J: J
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 $10,720.
: m9 D3 |: Z+ }
0 Q0 t4 }) j5 v2 v' y( ?( j$ R0 c8 F6 g
! f. _0 \, q9 ^
- q6 _7 e! X* _9 `( }# \
© Edmonton Journal 2007 |
|