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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October. t( M* j& ] M
1 j4 V; ?8 ]" o- t! k4 H0 PSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. 8 }$ S/ D, ~8 _+ i* F
3 B( e8 z( M3 c# P0 x) i9 c9 f! PEdmonton 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.# U& d2 a V/ q9 B
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."# D! u2 i* e2 M( O ]& w# C
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.- S2 L' x1 H5 d$ p% @" {
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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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