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Edmonton housing prices have largest one-month drop in city's history
9 s* y! g; L/ j( `( z0 REdmonton Journal
O9 c7 S4 Z% E6 GPublished: 12:09 pm) a ` E# @# O0 O+ g* Q
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.9 T4 s0 m- T+ a/ C. P% @4 u# P
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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7 _; S$ I6 T: ^5 V9 BInventory 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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7 C9 v, M& T, N) H! B0 m) K5 f4 UOne year earlier, inventory was just 2,138 units.
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" H) T# S/ L& z- D/ DWhile 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.* D; x4 j; F0 r: E4 k1 L& H( A
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.0 }+ H6 F6 c1 _$ o) H( h3 L5 o! L: V
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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.. _! e6 [/ u9 m8 I5 ]
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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