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Edmonton housing prices have largest one-month drop in city's history
+ h" Q$ c& l( Z' \9 AEdmonton Journal( |' q% h( r( Z. N3 {8 J
Published: 12:09 pm
; w, P/ F6 X Q& d/ F7 J9 L& TEdmonton-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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. \7 v g7 R- _3 @+ m/ R' y+ bInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.3 ~8 b/ {) D* t/ S
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/ ]3 F- h y L( F/ U! ~7 WOne 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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! P6 _1 o: ^" EAverage 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.! ^* e1 w1 i% k6 |8 k6 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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: o7 `( { n: O- m/ q. B# g© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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