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Edmonton housing prices have largest one-month drop in city's history
$ I& r+ s8 S$ h& N( y" n& PEdmonton Journal
) x4 e; u* y$ @7 A* iPublished: 12:09 pm* @. p5 @- G% R( w7 c
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 $344,792, for all forms of housing, was down 2.8 per cent from July.1 F1 }# I; U% c* Z9 U
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.2 l! N' J) ?, }! _1 i8 w7 x4 q
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One year earlier, inventory was just 2,138 units.
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5 |" m' W D6 b0 ^8 Y$ XWhile 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.9 F" t/ i) p1 ?; b% c
6 Q4 O% u& N# VAverage 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.6 t% h P# ?9 ]3 g- b/ q
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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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8 y" O1 X: e5 w+ _© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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