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Edmonton housing prices have largest one-month drop in city's history
* M, J* t6 x8 l' j+ _: i: T3 XEdmonton Journal4 o6 O% L1 i, V* Y
Published: 12:09 pm0 m3 X- b4 b! c2 I$ F0 a6 ?: {+ Y
Edmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history." H# l0 Q& {4 i H, z* n; H
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The August average of $344,792, for all forms of housing, was down 2.8 per cent from July.2 n: g# g" ^) b# g
: j/ C3 _ C* K. X; h1 vInventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.# j' v E3 r- S, a/ c( h9 J
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# |6 C5 p2 E* t+ q, ^One year earlier, inventory was just 2,138 units.
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6 ?( B, h, T5 ~6 t8 o! T! xWhile sellers have lost the luxury of bidding wars, "buyers have a lot of choice," said Carolyn Pratt, president of the Realtors Association of Edmonton - which released the figures, Wednesday.0 K/ `$ Y) ^. I1 R6 \; Y
- j; f& n% w4 L, h% p( NAverage 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.: X7 y1 U/ t, U6 |+ H# r& h1 F5 E8 O
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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