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Edmonton housing prices have largest one-month drop in city's history' o5 A; M, J5 s2 E1 v3 u
Edmonton Journal5 G, X& Z& N2 [7 w. J* Z1 f
Published: 12:09 pm! h% |" g1 l$ }0 Q
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 $344,792, for all forms of housing, was down 2.8 per cent from July.2 h0 C$ p$ ]& Y& C- D( T6 Q5 Q( `
) s9 N: U% m8 h+ j2 FInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.( F4 l6 k& w: [; F/ i9 h
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One year earlier, inventory was just 2,138 units.
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* e) A4 V8 G4 o1 l) o2 wWhile 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.$ p; ^8 ]0 i7 r, x) \
( i5 P9 e& E9 L: b# j. E+ V, C3 lAverage 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., {3 w* ^ W1 y+ y; g- Q5 f
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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.) X9 T, l! D* k3 e
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' C4 h, u+ _" V0 F) C" w4 P% Q) X# R4 ^© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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