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Ron Chalmers, edmontonjournal.com
1 }: e" M: v j0 v2 JPublished: Wednesday, April 04, 2007* ~! z* I0 P$ _# ~2 C
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.9 `! K3 e+ F6 W
: J8 ~; }$ z" A5 u" g“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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6 S7 Q1 G/ S6 F1 `# B# h“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.+ j. A9 a' M; Z$ t# i& m" t
Average prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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