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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
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! y2 u4 ^/ W# X RSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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, O0 Q2 G0 ]$ X# t" g8 g6 E& D yEdmonton 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 $311,193., ]7 c f8 n) n* Y9 i3 M7 h: l
% n9 ]) w$ P: v, l$ f8 GThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.7 B! h) d, O- s1 u) l, a4 W+ v
+ o" G O. ]2 F' j# J"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."7 F8 P: H6 e5 @
, ^; n6 V) v/ F# g( p' N# i1 x9 xDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.% l2 }" K5 f: X; u& Z6 s& o8 v- ~
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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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