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Edmonton housing prices have largest one-month drop in city's history
' `6 t# E& w) p+ D1 d" t, aEdmonton Journal5 l T" R% p; q" O! `% H& ~: J# p
Published: 12:09 pm
9 o, o v, z M3 OEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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. Q8 F3 X' G8 F# ~. H. eInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.5 c4 `# z; M- y0 R9 T3 w7 q- N! u
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; y1 [; L d( [( p: iOne year earlier, inventory was just 2,138 units.+ A5 e: U. U$ g
: s% B6 ~7 P7 _7 I4 PWhile 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 $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier." S1 p! n: Q' i$ R, ]
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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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# L; l7 N8 c+ W8 A* J1 C- d© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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