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Edmonton housing prices have largest one-month drop in city's history
: I) J! R! }, x2 X- H% pEdmonton Journal
6 l$ x. ]( J: Y$ _9 t4 B9 r8 LPublished: 12:09 pm
" }2 @, D5 O7 O. ZEdmonton-area home prices fell by almost $10,000 in August - the deepest drop in this city's history." Q% h1 m* m# f- b2 i3 }$ ^
+ U6 _6 E% C: Z) n* eThe August average of $344,792, for all forms of housing, was down 2.8 per cent from July.- x! Q! E4 d9 j, F/ K3 p5 |
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Inventory rose to a record level of 9,185 listings with 4,331 homes newly listed during the month and only 1,229 sold.; \8 U7 _; ?* X$ M: @
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' H/ }0 P6 K' N+ r# @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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% n9 u& E& m% C9 TAverage 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.+ [- m5 K0 u+ w) }
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© Edmonton Journal 2007 |
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发表于 2007-9-5 12:33
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