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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
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Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. 5 o9 }0 Z B1 e+ L2 G1 n8 U
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Edmonton house prices now are down $50,000 from their May peak of $426,028.- ^* u7 f. d9 x
! Y% [( Z+ J4 v1 S6 j- Q- X- J eThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193./ Q+ F' K# D" {) E& j( q
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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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% Q6 f7 c3 N/ M# P"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." c! l1 R4 ?; ]3 `3 l* I
8 h8 g' Z+ L/ O- k# I6 X9 ADuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier. `8 h0 a, q, Z4 ]
0 e! \' w* v- B* l- tPratt 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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