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Edmonton housing prices have largest one-month drop in city's history
) C4 |2 b) u4 \; [# }Edmonton Journal
4 f" \6 G) \3 J% b" L' ]( fPublished: 12:09 pm8 s' p0 m2 x2 A+ D
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.5 @7 K0 |4 k- I# A
9 o# r7 y3 J b4 v$ o6 CThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.9 J* {" h/ }2 J; |! f, o E
; \& e, |0 Y+ {Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units.: V {3 h; O/ l; y! v
: m1 o) M$ Y$ k+ R5 ^ ^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.
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3 H3 b8 l$ E# w7 K* L( HAverage 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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3 X9 }' i7 j% q4 Z" y5 C6 O/ ~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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* C" r3 n5 `& O8 A2 m© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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