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http://calsun.canoe.ca/News/Alberta/2007/10/02/4542538-sun.html( U0 ]5 ]9 b9 _9 e  } 
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Tue, October 2, 20073 O% R4 H3 e4 e, `6 T6 U# C* J 
House prices drop $10K in Calgary- a3 k; q& B8 ~ 
UPDATED: 2007-10-02 01:41:36 MST+ M" A% @. L* k3 r: a: _ 
 
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. _, Q* @; s, e9 b& fBy PABLO FERNANDEZ, SUN MEDIA* E1 z. V: R5 Z 
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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.9 W, o/ q- @: @8 |& m 
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The median price of homes, the middle value of homes sold, fell to $420,500 last month, down from $430,000 in August, said the Calgary Real Estate Board in its monthly housing sales report. 
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Yet, despite the falling prices, CREB president Ron Stanners said city home prices are still higher now than they were last year at this time. 
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"The market place is very good right now, but it has slowed down over the last three or four months," said Stanners. "It's beginning to move more towards a buyers' market but even still, sellers are still getting much more today than they were this time last year." 
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In fact, the median price of single-family homes in Calgary remained 9.68% higher in September than the same month last year. The number of single-family homes on the market jumped 5.15%, but sales slipped 19.03% in September from August, CREB figures say. 
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; u3 K3 w+ ^" ^5 I( Q; Y/ NThe pattern was identical in the condominium market, where more supply and fewer sales also resulted in more affordable prices.+ O, @8 c- |- R$ k/ d2 b 
 
  ~' }% N& W. `2 TThe number of condos going up for sale in September increased 10.88% over August, while there was a 12.66% decrease in units sold.: _' A6 h9 o' M( k 
 
: x/ ^4 T8 R  X& qThe average house price in September was recorded at $470,888, down slightly from the August average price of $485,914. |   
 
 
 
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