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Edmonton housing prices have largest one-month drop in city's history
% i$ G& i v3 L) ~' cEdmonton Journal2 j, [& n1 x- g
Published: 12:09 pm
' n# s% O$ r! G7 f! @6 I' QEdmonton-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 $344,792, for all forms of housing, was down 2.8 per cent from July.
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: S2 h! C( T" vInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold./ z+ t- _( u- H9 f: Y% z
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6 d3 g# u8 U/ b# ROne year earlier, inventory was just 2,138 units.1 [* O- a3 b/ r9 ^
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While sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday." k7 x& [" i- x4 c* d7 n: y1 y
( j$ ^/ Y6 m0 V5 x& ~/ }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.( R+ ^4 T& p4 S! S! q! H
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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 $10,720.3 O% j v+ w# ~' A$ s
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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