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Edmonton housing prices have largest one-month drop in city's history. ^! Z0 [1 B1 K. o( L0 F
Edmonton Journal4 d4 I3 M2 @1 o3 o. h! }
Published: 12:09 pm. T8 p& _, O# \% r
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history.
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% T* U" s7 q! I8 _The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.
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* j* V. {! J" S/ g7 ?Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.) B) D2 s9 U) k" j; z" m. f8 ~. \
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/ M" Z' j m8 s9 `' k% ^' mOne year earlier, inventory was just 2,138 units.
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- F- W0 m* E: |5 r& m6 tWhile sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.2 g3 _' M" P! J0 n, V% Q
1 L) @$ k `2 Q: [2 C/ BAverage prices of single-family homes fell 3.2 per cent, in August, to $403,757. That rolls them back to the levels of March and April. But they're still up 27.6 per cent from 12 months earlier.4 A$ g; O3 ` p: ]8 a
5 p# V6 z% z2 Q0 Q f9 N( T! vPercentage-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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