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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
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0 ^( H- W# w' Z% N6 R: l! NSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. % Q% M7 g; D/ V: y
, O& o9 W: ^0 x% Z. o+ p- f. r) }7 nEdmonton house prices now are down $50,000 from their May peak of $426,028.' s5 _- T* D- S+ M4 U' E0 r/ ?4 Z
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The 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, $325,060, is still up 15.1 per cent from November 2006. u/ i# l( n; w
3 E, N i# v" o) G9 E# |1 ~"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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8 B! V. y6 m$ }7 T' M! @2 l {8 aDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.3 \3 ~; r" K/ ^8 v" P' ?0 f4 V
$ q" ~2 A+ \, L6 o% FPratt 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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