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Edmonton housing prices have largest one-month drop in city's history
8 i; J J! x1 Q" k" u7 zEdmonton Journal
- [' w' P! K+ Z) {Published: 12:09 pm }1 B* m* a: V* a Y5 t& E- ~, v
Edmonton-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 $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.5 U1 O% D0 }; J3 W
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* e, `3 N' y$ g& @0 H- vOne year earlier, inventory was just 2,138 units.& O$ \, g+ O! \! N! y, a( Z
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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.; l+ t2 e$ C' c$ h) `
: a7 g, L' M W6 e; y0 H( P* F$ nAverage 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., ?' K/ {% }4 z; e) }3 r
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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