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Edmonton housing prices have largest one-month drop in city's history- \+ ^: u; h% z5 P3 K. p- u6 g
Edmonton Journal
& T9 a8 M/ C( Q/ f1 lPublished: 12:09 pm
; n1 h4 q3 v6 E$ m ]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 $344,792, for all forms of housing, was down 2.8 per cent from July. D; l: W$ w; e& ] O2 [, Z
7 h8 C/ m/ C- f8 J9 U! |1 A2 }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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7 s, M5 s" p% G9 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.; n' n6 d5 N' s. W1 M! \1 _% j
- m' {, u. E4 {0 t( {, r1 wPercentage-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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