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Edmonton housing prices have largest one-month drop in city's history
. m: P, i, I# C0 h% s5 g9 kEdmonton Journal
7 d7 {9 s% p* w. M; uPublished: 12:09 pm4 G: D8 j: D+ p0 Z2 L
Edmonton-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 $344,792, for all forms of housing, was down 2.8 per cent from July.
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5 D2 r; d. s2 s' Q8 k# [; T" wInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.$ y0 _, h# C' Z: S7 _
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8 l, e* g, [* I" g! |One year earlier, inventory was just 2,138 units.
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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.0 D3 b( b/ K. ~! a& X0 L
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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.! V- H+ D# T6 T4 p0 W5 B8 t
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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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8 a0 R! P& Y4 X7 L% P4 g# z% s* V© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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