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Edmonton housing prices have largest one-month drop in city's history O& g- o q/ v& } F3 ~
Edmonton Journal
1 \& @# T: h+ {$ nPublished: 12:09 pm3 f; w" E9 `! A' E) `9 B2 C$ e, v
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.7 z+ Q3 C; V- a s- o0 n w7 R+ z; \
, q4 ?) W8 H ^) [. X! {The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.4 U5 F3 X' K2 C; L5 y' d& {7 z( [
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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# J% r' N6 v. O2 T3 vOne year earlier, inventory was just 2,138 units.# I+ R$ o+ T$ t
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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.
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Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.! a( j$ H! C1 e8 h( H# D
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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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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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