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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October. B5 M; N D0 ]! g" W
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Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. . P6 v' U) o$ s/ Z5 m% k& h( \" P
2 o8 s" A6 O' V U0 d/ REdmonton house prices now are down $50,000 from their May peak of $426,028.- }9 s s5 ?" {6 `) M& G
/ z$ J6 a' b$ ]6 T1 {2 _9 I# U0 ~The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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# {( S7 k/ I- i' {The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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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."
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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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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