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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.3 u! _' o! ^2 Y; a5 B. e g7 L5 K5 @
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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. % c8 H1 T' z, | J- B
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Edmonton house prices now are down $50,000 from their May peak of $426,028.% K# k8 w5 q. }2 R( i0 J+ O
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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. ?7 Q+ X( G7 g- w* @/ Q5 M3 y/ }( UThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.. ^0 e, \, h4 \9 D6 L
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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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