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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.4 k0 j; n' Y$ Y9 e9 d j3 @/ U( f
" v( f: z9 g2 O# h# QSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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Edmonton house prices now are down $50,000 from their May peak of $426,028.
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; b3 ^( @3 f+ FThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.7 I8 y& B( C. R0 W( U
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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: g1 w9 L. ^8 R"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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$ K$ i8 o! t3 c$ }/ o( a& S0 V7 DDuring 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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