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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.8 p2 y0 @ ~5 N- F/ z3 a
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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. ; _. }2 y* v: _5 @2 ~4 r
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Edmonton house prices now are down $50,000 from their May peak of $426,028.
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0 i2 U. [: v, H9 XThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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0 F- P. g/ M5 t4 f/ L+ Y& f4 GThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.& K- |" Q7 }3 M% {- c0 o4 k8 u
0 ~$ Z. c6 m0 H0 w"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."! h# C" d/ p- o7 ?
0 y) l; l9 x' z0 [During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.7 W: I% g" L8 _) u! O
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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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