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Edmonton housing prices have largest one-month drop in city's history
- F9 X6 L0 K% z% CEdmonton Journal. ^9 Q- X3 k* `- J0 ?
Published: 12:09 pm
* F) j% g6 a L4 H9 ]Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.% r8 {( j8 |6 L, Y
2 g8 d/ B- j; c6 ]- p3 [" NThe 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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4 }; F6 U2 ~8 B4 |/ T. MOne year earlier, inventory was just 2,138 units.* p. \$ J8 e1 D% I" ~, ?
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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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4 J1 o/ Q/ R* z" |2 o. ZAverage 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./ c: D1 e% D* O! b6 k# x4 u8 ~
4 J& r* z( t/ ]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 $10,720.
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% P/ Z$ D, [& i- Z9 ?4 n4 e- ]! J© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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