 鲜花( 0)  鸡蛋( 0)
|
Edmonton housing prices have largest one-month drop in city's history
# b* w6 _7 b1 N2 ]Edmonton Journal
- i0 Z3 e, z; U+ aPublished: 12:09 pm
. y5 i/ u$ b i4 ?$ pEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
. B, `6 X a/ B# X6 \+ W8 t" H0 }' n7 R4 k
The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.! f4 @9 Z. a. ?
5 T% } N4 O: g" LInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
1 [( U6 o7 [4 V9 Y P' k
: B" k# {7 C: |/ x$ H
& Y4 C+ b/ k% ~4 Q3 z d, L/ bOne year earlier, inventory was just 2,138 units.9 D& K% h; K' l
v# r+ N+ n' `! c U6 P) O
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.1 R. n7 m0 ?& f2 R
^) N& K5 C9 p
Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.! V8 J( Q2 Y: o* ]8 o, e) u4 Q
, q* N# M: _7 J1 [$ \2 ~
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 $10,720.0 ^8 o: u5 I9 S7 y+ m) X) \, v0 C/ P$ n
; n9 r5 i9 k {) k
0 f% a" k: B$ N+ a* g) y7 Q! I$ W
$ K2 t- U" m3 X# J© Edmonton Journal 2007 |
|