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Edmonton housing prices have largest one-month drop in city's history: z% l; G9 e$ |- K+ ~! m6 d8 Q9 `3 y' s
Edmonton Journal. x. b4 e' p- y: |( |9 Z
Published: 12:09 pm
1 p! P9 N b6 H3 SEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.4 T9 a6 G( Z+ ]
8 z/ ~0 {2 E2 [7 U, L+ LThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.( D6 y0 l- }/ m& k& c" S. }1 ?
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.* Y$ P" y% G& \ K, M) a8 h
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) @- t0 P/ E) d0 g. Y7 g/ P* BOne year earlier, inventory was just 2,138 units.
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- n: N- R2 Y6 {- J) p, s, eWhile 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 x& F8 d/ x- R5 K: h
3 v% k2 i: Z0 PAverage 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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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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9 @' E+ n! A- r7 U3 z/ D© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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