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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.- L% |4 ~+ h' r4 l. ^; `' C/ u
4 s& T# n; d* D$ i/ X DSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. - P7 W! X$ P5 v0 E0 M6 s
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Edmonton house prices now are down $50,000 from their May peak of $426,028.- B) R# `) L% \' z0 Z3 _! l
& G2 B( ~; Z+ m6 k- [7 pThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.$ F+ k: z F0 @6 p& k; o8 Q% @
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.# ]5 h" ?0 b1 `- C7 V1 }0 E% S% i8 p
: U6 ], N6 ~; {"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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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.% M* c8 q l; `* \& Y
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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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