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Edmonton housing prices have largest one-month drop in city's history
& ]% T& }7 O% D6 p# c% d6 U( VEdmonton Journal
# D: d ~# F+ a. WPublished: 12:09 pm
; p( O) Z: t s5 ]Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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7 N8 p2 [( V/ t4 h' t( ?, N& `The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.: g& l6 W# y' x/ O; c3 ]
0 t* B% U9 T; F* b3 RInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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R. ]4 l: F. W5 l& y5 |; f5 F- E& gOne year earlier, inventory was just 2,138 units.( N6 x6 j* |$ f I9 [
Q s6 e2 w3 A7 lWhile 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." r6 f: Z' ~ c6 r: k$ S u
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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.
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- i% ^4 f- u" j2 i: X© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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