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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.7 r; ~$ x2 K, j4 |9 h4 O2 D0 F
: i. ]/ y2 w0 h3 gSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. ! \* f* N6 N/ S0 b# a0 P
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Edmonton house prices now are down $50,000 from their May peak of $426,028.
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* S7 ]( x) V+ C; }9 w: bThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.. a3 T" ?; r% W. ] E# |+ a9 s$ w" P
+ I, I$ k) j& h# W% v1 t' `The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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"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.", E* Z) I- C8 a7 S) R0 \. }# m
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.7 v) s2 `* j( X3 A |. Z/ E' y) C
; c2 c/ B" S1 Z, K3 Z3 ^9 cPratt 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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