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Edmonton housing prices have largest one-month drop in city's history
# i) K/ f- O2 R; BEdmonton Journal. F' X3 M) _- T# W
Published: 12:09 pm
1 D5 A! R) _. U- DEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.& E. F# `4 ^* Z0 C6 j8 ?0 P4 m
5 ^" p% i1 T% i# _- R' o% kThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.0 W0 ?/ }6 b" N, z7 t' D8 |
! ]% }5 l' o" _! o/ p: AInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.
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( `2 ` O7 ?+ C0 E& N5 x+ \' IOne year earlier, inventory was just 2,138 units.0 X2 v, V/ [ j
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While sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.3 w' G8 P+ Y# @$ a8 l
; n: Z; h. A& f, }Average prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier." M! s+ q& v7 \' p: b
; {, ?- Z$ |! J) ~ C KPercentage-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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