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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.' w: T1 _. p5 l9 r7 _- ?
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Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. n+ d/ q6 C, |7 L
9 ^( g8 ^: l" Q5 K/ Q! {( wEdmonton house prices now are down $50,000 from their May peak of $426,028.* {7 F" q' U3 s) x7 [6 X. a
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.# h+ [- N: h5 i3 k' q$ T8 @# N
& v$ l* ^( {: [( j/ |& }% `& p; m' ?The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.6 l' @ w- X/ Y' ?* R+ X N
( P. B F+ u5 B5 U3 E"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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$ Q. H2 v) u, j% W TDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier., p6 m( [. g& x" _+ `, I8 X! j
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Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring. |
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发表于 2007-12-4 12:22
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