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Edmonton housing prices have largest one-month drop in city's history
5 O; i f3 \' X' [8 wEdmonton Journal
" E7 b! I# Q7 @, _Published: 12:09 pm
9 f d, F/ D; M1 Y fEdmonton-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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. L; k1 x6 Z/ AInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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3 d. W# y, `- R( {1 p2 ?/ VOne year earlier, inventory was just 2,138 units.6 b6 i6 F7 ^; C8 }0 m" O, ~
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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.# I( w% ^! K7 f. h* c) h+ e* b/ _4 N4 H
5 Z! z% d w4 ]- X" o9 `9 QAverage 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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; i0 X: o- u, l5 F8 |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.+ u' s% u/ t8 n4 E
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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