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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
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: b7 R8 g; n. ~& SSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. 8 b; q+ S+ e! [
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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.. H* w9 S& `" ~6 v% p
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006. @+ D, j/ C1 O, j
/ x3 `/ j7 {+ s. c8 f4 C* e"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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1 Y1 ?8 R. L3 bDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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$ }; I' p% W4 N4 Q' x4 |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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