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Edmonton housing prices have largest one-month drop in city's history% j7 m/ O6 s H! @+ Z
Edmonton Journal& Q3 i# t2 T1 F- O3 c7 R+ @( T% @$ V
Published: 12:09 pm
% ~+ l. Q0 E+ Q: O5 tEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.' O& r3 e: J4 K/ I! I6 \# V ?
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July., e* ^/ D5 y! I" v5 f. E
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.3 i( x6 p2 L7 m. K6 O: u$ N) s
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8 F: |; w* Y3 R# t* e& C0 K$ VOne year earlier, inventory was just 2,138 units.& R) C6 {6 S0 }6 B
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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.$ R1 e% B) d4 a$ I
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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.; t V: K+ |' u! l; C/ I) @
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* @+ m% ?7 D9 D9 o' A: Z© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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