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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
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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. * F4 n# Z- z- X/ ?0 R
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Edmonton house prices now are down $50,000 from their May peak of $426,028.) v: [9 [( s' h& a% O0 J
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.5 x* v1 m$ j" l' K2 H0 e
1 T3 F' w3 q( T$ q T; aThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.' H* H9 G, }1 l+ i
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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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* `/ w1 B- [( G& BDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.8 W% p; Q5 [/ y1 s
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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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