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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.6 l0 g, v6 g0 A
2 ~! M1 h4 \3 J% A; V* }& jSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. i4 M' c. D6 N; r2 C' s
' H8 d" u, I2 eEdmonton house prices now are down $50,000 from their May peak of $426,028.0 |4 z' R d. q' s
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.% n/ i) l$ }% u l: p W6 z
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.+ A1 ~! w7 m2 Z0 K0 }7 B: z0 b
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"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings." s+ }$ ]) k. Q; p/ i4 [
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.- P0 v1 x. Q4 f$ y4 S& U/ g
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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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