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Edmonton housing prices have largest one-month drop in city's history: \' U- Q% ~$ _- k' m4 @1 D+ ]
Edmonton Journal' T ]7 N; ^! I$ R3 k4 H1 N
Published: 12:09 pm
1 e, \+ x% R6 S8 Y8 c; Z0 S! Q$ MEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history., N7 j, J* d7 d/ N0 y
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.5 P9 h" {3 f) U3 s$ q4 S% v
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: n" i5 u* T* ^. S! e9 k/ {4 oOne year earlier, inventory was just 2,138 units.! v8 }& _) z- u- `( D5 g
" [/ O9 V; N* o4 ^7 j8 MWhile 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 @5 N7 i, B$ C, F6 W
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.6 p: w( Y4 `5 T3 G" O& F
& P3 K$ b: K+ T5 w. RPercentage-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 $10,720.( H, ^2 z- c% q7 n
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/ ~3 t# |$ d4 i) i# L- U. k# L% ^© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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