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Edmonton housing prices have largest one-month drop in city's history
5 u0 n1 F& o XEdmonton Journal
/ H9 L% V& s% |0 ^. x% L; pPublished: 12:09 pm$ U$ u, P+ U8 O1 M2 z) | W
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 $344,792, for all forms of housing, was down 2.8 per cent from July.# Z8 w+ A$ g# o& I
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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.* C- D3 u+ v6 o! k7 U2 M( p% m
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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.
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: A1 [: F& k. F0 c& `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.4 R4 f0 q) X# ] k/ g! z
' l/ R9 ]* f. _1 D2 x8 uPercentage-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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# x" d6 i' y! z, i© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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