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Edmonton housing prices have largest one-month drop in city's history. o/ v- }6 p6 p( }; B' [ M. p0 b/ R
Edmonton Journal6 S+ r3 W# \/ ]: z3 I& Z6 Y
Published: 12:09 pm# g) s7 d7 P/ S) o
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.1 n& E$ ?( t5 ~# E% y' t( Y
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The 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.
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One year earlier, inventory was just 2,138 units.
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* D& H8 V: [3 f; @3 y! J: FWhile 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.# q& W0 Y) t" C n: G6 y0 V; O
: I6 i" i- @5 ~! k9 B) FPercentage-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.: L# b0 a/ B9 o5 [
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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