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http://calsun.canoe.ca/News/Alberta/2007/10/02/4542538-sun.html& l7 v2 g' x! i1 o 
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Tue, October 2, 2007- D& s" g0 I" D8 {" C- K9 v4 M 
House prices drop $10K in Calgary 
: @# `9 [) p5 M- S  F! |9 N' |UPDATED: 2007-10-02 01:41:36 MST+ k% l" m+ _# h1 {# q' T: L& I) A 
 
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By PABLO FERNANDEZ, SUN MEDIA 
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Calgary house prices sank $10,000 last month, the fourth decline in a row as inventory jumped and sales slumped, according to statistics released yesterday. 
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The 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.7 J; @3 }8 B& m/ Q 
 
8 J7 {  u/ I$ ], f' |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."1 |; T8 P$ r( I' v0 l. q 
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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.; w* V8 w4 c4 N4 \; e( L. ^ 
 
- i4 D/ I. }. bThe pattern was identical in the condominium market, where more supply and fewer sales also resulted in more affordable prices. 
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The 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 _5 `1 S! j# d/ 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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