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Edmonton housing prices have largest one-month drop in city's history6 a' N" U2 p5 `6 E3 Q
Edmonton Journal
8 I; m9 C, J; i3 n, U8 VPublished: 12:09 pm) u, b! R4 j3 n0 d* H6 ~9 `: v! l
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 $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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One year earlier, inventory was just 2,138 units./ b% B: S+ X$ h6 V! u% v
, E, L$ m2 r0 \( ^! _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.5 f# S9 }+ }! z$ I
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.+ |' [$ g$ y& u3 _4 p0 r W6 |% F. S
9 ]1 X9 m$ z3 x6 k; d2 _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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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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