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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October./ d# J* J: p" V1 r. g6 C/ N$ F
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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- D5 e( D5 G
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Edmonton house prices now are down $50,000 from their May peak of $426,028.
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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1 b1 G; E) y. ~. dThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings.". H2 ?* a$ u2 p6 @( ?# |( }
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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" t4 r/ i$ ?! D$ o+ p- @0 ?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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