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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. 9 X ^# v1 l/ R
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Edmonton house prices now are down $50,000 from their May peak of $426,028.$ V2 m/ C9 k) [
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.. y0 W6 e/ M; n8 x. H
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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, _9 z7 Q/ a9 l: T6 _3 {"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."- K6 C, q }2 H) G. I
9 W% e3 X% a' m, E+ IDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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% N4 p! g P$ n, N; ~3 i. M, dPratt 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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