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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. 1 E3 h8 z6 M4 F3 p1 \+ N
, a8 l) r) s8 z+ _0 O6 LEdmonton house prices now are down $50,000 from their May peak of $426,028.& S U! c0 Q) |7 u
0 k9 Z- S! O3 d0 o4 dThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.! l+ T% B* V0 u2 `6 Q
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006., u% G6 m$ n' _/ u9 J4 ~4 q
4 b0 n6 o1 S! U% C, s. F9 K8 \0 @"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."' I; `. E& Q; R7 i9 W' d I" `. Q
% P* z7 t# I/ s( S5 f& ^% MDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.3 _3 E7 j; V- }0 M E% W2 X
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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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