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Edmonton housing prices have largest one-month drop in city's history
, G+ o$ t* s: r. FEdmonton Journal+ f2 {. X' Y# [
Published: 12:09 pm
( P) ]% n4 F& Z+ m0 j) s: JEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.( l4 N4 E5 ~( s' o8 Y
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.4 ]* x- r/ ^7 D5 V3 n; B1 V
W" ~6 X |9 D6 {1 u/ IInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.. O- `+ M% j% d' ?
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One year earlier, inventory was just 2,138 units.
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( G$ y1 i# D0 V% @( Y5 ~% qWhile 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.7 Y; Y) A" Z+ ?5 [/ k) O M9 v
" r2 i% j% l {9 M% x4 Y# k9 sAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier., q! c4 [" W- v$ U Y0 f
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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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4 k8 | T, |, @/ Q© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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