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Edmonton housing prices have largest one-month drop in city's history
/ {1 U2 `; p: sEdmonton Journal
6 a/ \- i' A! F" _, W: |Published: 12:09 pm
' P* r5 A+ f, i% B+ s0 x L% h5 r& e4 kEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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: H% U$ M8 k1 K/ JThe 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.2 h+ a* _0 q c* h4 s6 n
1 S8 v5 E8 x0 j) j1 O4 ~& r; @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.8 w% e: S# Q6 G3 j# X/ T- {9 ~
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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.
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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 $10,720.9 m5 h. y: p1 V; w; ^
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. f5 L* i- F' k© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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