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Edmonton housing prices have largest one-month drop in city's history: f% o+ \' f* u5 {+ {
Edmonton Journal, d/ q: z* I! `& A7 }4 K1 q* F8 Q
Published: 12:09 pm2 o3 p/ b! }5 F/ @" n( m6 u
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.$ s, `: ~ {3 e
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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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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.0 o; X; q4 d9 q* ] B
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* i" _, t0 [9 n4 i& G3 J( fOne year earlier, inventory was just 2,138 units.# o( F, l! H/ b9 c( |/ 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.1 a% K8 s. I) I& Q- l4 I @
4 }1 p: L1 J: b, s6 jAverage 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.6 c' V* g7 t# y
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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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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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