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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
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, n; ~; f' O& t+ j3 Z" r" [4 \Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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3 x2 G6 y# k( u6 O5 W5 F9 Y' x( ~Edmonton house prices now are down $50,000 from their May peak of $426,028.4 s0 }( i! E- R; a
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.( ?+ W6 k4 M+ ?. u1 O1 g% r
( ~9 c o6 F) C: jThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.7 u2 t3 N' Q, R1 s0 L7 ?
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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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