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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.3 E& e4 V" y* I$ B' h [: B
# B: I7 c) q) H0 H- T4 LSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. 3 ?5 f4 J% v: v
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Edmonton house prices now are down $50,000 from their May peak of $426,028.$ @) d* M! U4 _& p y
8 r$ ?8 w) A: tThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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+ X$ f# }. c: x# q3 dThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.& [& N3 i! y F k, c' n- y* f
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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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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.5 ?7 U& ^# k/ c7 h9 \1 {
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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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