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Edmonton housing prices have largest one-month drop in city's history2 k- ~) _7 u: X" ~ k' H
Edmonton Journal
' f$ c% Y! K4 Z0 b& K( e2 rPublished: 12:09 pm
: ~: v; {& M2 f" g0 KEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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) W5 p3 Q3 @7 XThe 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./ s7 R! N( Z8 Y) W* |
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One year earlier, inventory was just 2,138 units.& y! K! J5 e# B2 e* ]
) [( ~4 W1 `* }7 ^, J% H/ f- LWhile 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.% c8 H- } `' j
7 t; j3 N3 {, nAverage 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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- v4 P+ k9 d# h" ]7 N! GPercentage-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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