Average single-family home prices in St. Albert dropped by 6.4 per cent in February compared to the same month last year, the Realtors Association of Edmonton reported this week in their monthly housing bulletin.

Fifty-nine units were sold last month, compared to 63 a year earlier.

The average selling price for single-detached homes was $436,220. In 2012 the price was $473,649.

The median price for singles in February was $414,000.

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