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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.6 f5 O+ y& j4 E/ O( `
- l! o; L1 P) OSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. / d' U u2 x* L. s. f
4 c2 o& w1 A6 U: m" _: n! oEdmonton house prices now are down $50,000 from their May peak of $426,028.
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$ b9 x& S; Y6 V1 K4 o/ wThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.& [! k6 I: R9 ]! i
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.0 ?+ G# [/ r. U" Z7 G
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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."% n/ j: S* x, [9 i% x% |
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier. ]- V* ^: d+ ]5 S x, r# [
! t1 ]9 N% F' @4 ?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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