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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.: j$ r' X4 `- j3 q5 m$ f2 h
; o# K) P- l; B1 w& `( xSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. ' Y3 p/ m! Y8 T" V
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Edmonton house prices now are down $50,000 from their May peak of $426,028.
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.1 P% F+ u5 A7 W6 u) j
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006. _) L( M( H( f0 V- F
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"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."4 v* {( t( l9 e! f- n
, L+ C- Z D$ G; f' sDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.+ n0 y' l8 V: l* K7 [1 N& K, o
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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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