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Edmonton housing prices have largest one-month drop in city's history9 V: ^1 Y$ a. `, h
Edmonton Journal
3 q& S3 [6 G- T2 ?1 BPublished: 12:09 pm
: S9 a7 g' W* H- M; V% r$ DEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.5 b( P0 }( f" Z% ?& v9 |
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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.& I# o0 J8 K+ _ x; a
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One year earlier, inventory was just 2,138 units.3 w0 T/ i E5 F' ~' L
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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.4 v v5 I' v- a4 A/ D0 W6 a3 Q0 s
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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.
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# A- X) r3 S& p( Q& ^- _* {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 $10,720.3 z; N& Y8 o7 k# o
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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