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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.$ M, U- v$ j- y
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Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. a N$ j2 e% @# ^
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Edmonton house prices now are down $50,000 from their May peak of $426,028.5 F' o4 n# I" d+ K5 z% a l
! i) ^+ g$ p) L4 s. HThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193., b+ i( L& K/ X, ? s% }! b
$ e8 B$ G0 F* H4 f% j# jThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.2 {9 S2 H; c; b
" u, B$ A+ j# T; t"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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; S8 r% ?9 |. _9 [# YDuring 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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