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Edmonton housing prices have largest one-month drop in city's history! V' `; r D; B7 U+ \
Edmonton Journal0 b% ]% v, e! [! n4 n* a! a% N
Published: 12:09 pm1 [* J4 o8 w1 b8 o) z% w" ^2 r
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 $344,792, for all forms of housing, was down 2.8 per cent from July.
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold./ ^! i% E4 r# T+ T! U
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{+ \* S/ E: ]; r+ J" oOne year earlier, inventory was just 2,138 units.
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While sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.
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8 B7 N# z% w P: Z5 c3 _$ i5 ?. j" MAverage 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.! K' N7 K4 p1 k& }
0 x: i9 P& s/ \( I+ D6 `) hPercentage-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 $10,720.8 L2 c8 S6 z, c/ \8 i
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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