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Edmonton housing prices have largest one-month drop in city's history
( d4 W5 r! L- X. z$ q, O( X$ LEdmonton Journal9 ?' j7 p. e% f- [1 v: L8 f n
Published: 12:09 pm
5 A2 }. D3 P- H+ u: vEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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) }( |3 g! Y" y" E2 lThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.( g- A$ M) G6 D7 x1 _
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/ s% _0 ~0 B# F) V2 Z7 ^One year earlier, inventory was just 2,138 units.8 R3 E# F7 p' a4 F+ J
) q# X4 X( H1 l( W. e) s) B; B+ 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.: J7 }- B% I1 K6 K8 o
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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.
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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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W: m; j) E* R/ n+ z© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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