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Edmonton housing prices have largest one-month drop in city's history
2 r \# n. S$ tEdmonton Journal
5 g. Z$ g' n6 O4 X8 zPublished: 12:09 pm
6 @) V- |1 _; BEdmonton-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.* _! |. y: z( a, b
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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.. h; ]8 o) X. r
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' f" N. Q5 n% U6 L# b; zOne year earlier, inventory was just 2,138 units.9 l5 h9 x3 q0 e
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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.
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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.% [& f- j5 B1 M- \3 Q* k4 E
) f' m, Y/ d2 G0 I, y' m7 CPercentage-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 $10,720.* c6 H/ v; c: S; l. k# D$ l) v
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( x) r# _9 e! y$ }" C; O {% ?8 I© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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