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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 $252,277. / |1 y% ]; @+ y$ J4 D' r' A5 M
$ q+ f; P( r1 M l& G) g) dEdmonton house prices now are down $50,000 from their May peak of $426,028.3 x: Y# O. |) l! s6 v$ F, j
5 I5 z9 C% L. H x! V- wThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006., ]& o- c }% Q8 d% ?
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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."- g: N# n9 B5 G0 B+ e9 r/ t) b, E
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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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