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Edmonton housing prices have largest one-month drop in city's history
2 J" i' M1 ^0 T7 F, T \& p8 U- ^Edmonton Journal
% `3 e$ z7 I1 K5 aPublished: 12:09 pm
3 x8 q; s0 F0 ]( EEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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! _+ R3 z% d* f- R. AThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.9 B, z# J0 z/ [2 q
! Q6 K. `& D( X7 X6 Q( `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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: _+ k @, y4 G+ rOne year earlier, inventory was just 2,138 units.' X7 Z3 _8 E& l M! _, O, @
3 W/ g& O8 a" H& c k; dWhile 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.7 |+ _5 G3 @9 ~) `7 g L% O* ]
/ F1 z* I/ y. J! C5 R6 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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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 $10,720.7 ~6 u) Z# f" K7 O
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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