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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October." B& \- e: r. u! f6 L
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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.
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Edmonton house prices now are down $50,000 from their May peak of $426,028.* m! H0 z8 x+ Y! s* ]4 N% p) Y V2 @
9 s( |8 {+ [, O: u2 v; S8 GThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.& ^7 d5 B$ @, O) B, u
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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8 d% n+ ^' i9 a+ R- j* E3 [ ?During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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. q E6 r1 F+ r$ iPratt 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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