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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 $252,277. : y7 M5 |! n' G) S1 {2 Y7 P
* b; C7 @8 q3 o& D$ U( FEdmonton house prices now are down $50,000 from their May peak of $426,028.
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+ n/ K9 w( w6 }+ C9 Y! R) FThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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: M" ?. S; x1 M7 k5 o' {6 {& G1 S"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."$ w# S, ]; Z9 I% K4 w4 u( ~) X7 }
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.. u2 \$ G2 `$ U. X. [- f- 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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