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Edmonton housing prices have largest one-month drop in city's history5 |3 `. P) j0 K" D1 K( u) v8 U" H1 ~
Edmonton Journal
0 `. ]. h1 {$ V" Q' WPublished: 12:09 pm" o7 [( e6 h$ q9 h3 y, s' O
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.: l8 D! i, j/ }; c# o
, u, W( ^0 L, u0 e5 rThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.' F+ L0 E' ]) j6 J7 C O9 Y- H
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.2 V- ?$ |0 b+ W, c. g6 C- p4 |
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One year earlier, inventory was just 2,138 units.
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# P- g, G+ ?# D/ ^( E: tWhile 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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* o/ u* p# |" K6 J% _( C3 Y. h2 HAverage 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.3 s) v0 n3 }+ v, V
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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.
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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