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Edmonton housing prices have largest one-month drop in city's history5 h9 \" |: Q) R0 r+ `2 x4 p. J
Edmonton Journal. v. M; u; i% W$ H% ]3 D& F
Published: 12:09 pm7 T d+ P' L) Q' @ ]6 ]3 S$ {$ k
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.6 o ^& i7 m/ M5 v, k' m+ o
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July., v7 U: m" l: ^8 q
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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 p2 F; `+ O% W9 f3 D
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) M" `) F2 i7 ?* jOne year earlier, inventory was just 2,138 units.8 m% s" Y: W9 _- G
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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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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.8 v- u( Y- S. g9 f8 G* e
. `# V6 c" N; h5 g4 P) H- {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 $10,720.' F4 O$ e/ T: s: i8 p& b0 K K
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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