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Edmonton housing prices have largest one-month drop in city's history; ^1 O& {8 {2 d/ t
Edmonton Journal
* |. r3 ~6 `9 Q, G6 M. t* J9 T% r, nPublished: 12:09 pm
j3 Q( \/ O9 u/ E/ zEdmonton-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.( L6 k" Y6 N( q' R, ]
7 W+ c' x2 T T# V! t" S& @( |* NInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.9 I4 s4 m& D; S% Z; b- C( J. a
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One year earlier, inventory was just 2,138 units.
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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.( G5 P5 X! h E
7 I- W, Q \5 e3 {4 t# z2 PPercentage-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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' Y" m% q/ E( `! I1 V1 [© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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