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http://calsun.canoe.ca/News/Alberta/2007/10/02/4542538-sun.html 
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" N2 Y9 Q# ~! M* iTue, October 2, 2007 
+ J& v. W$ |2 n* d% tHouse prices drop $10K in Calgary: \- t) F$ F; i1 i 
UPDATED: 2007-10-02 01:41:36 MST 
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By PABLO FERNANDEZ, SUN MEDIA 
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, Q/ B3 K! [! H- SCalgary house prices sank $10,000 last month, the fourth decline in a row as inventory jumped and sales slumped, according to statistics released yesterday.5 {) W7 t$ c) W9 f* k 
 
" {) j2 v+ b2 ]7 bThe median price of homes, the middle value of homes sold, fell to $420,500 last month, down from $430,000 in August, said the Calgary Real Estate Board in its monthly housing sales report. 
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Yet, despite the falling prices, CREB president Ron Stanners said city home prices are still higher now than they were last year at this time. 
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"The market place is very good right now, but it has slowed down over the last three or four months," said Stanners. "It's beginning to move more towards a buyers' market but even still, sellers are still getting much more today than they were this time last year." 
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In fact, the median price of single-family homes in Calgary remained 9.68% higher in September than the same month last year. The number of single-family homes on the market jumped 5.15%, but sales slipped 19.03% in September from August, CREB figures say. 
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- p2 i" Z  ]7 T, w# YThe pattern was identical in the condominium market, where more supply and fewer sales also resulted in more affordable prices. 
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" Z: R1 I& @+ D. bThe number of condos going up for sale in September increased 10.88% over August, while there was a 12.66% decrease in units sold. 
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8 f0 f: s9 @+ oThe average house price in September was recorded at $470,888, down slightly from the August average price of $485,914. |   
 
 
 
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